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GER30: Wait for confirmation candle...

DAX Index (FX:GER30)  
apphiapatten  
FX:GER30   DAX Index
Trend Analysis Chart Patterns Harmonic Patterns Indices GER30 CFD fibonnacci zones 618 Fibonacci Retracement pennantbreakout
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trendanalysis chartpattern harmonicpatterns indices ger30 fibonnacci zones 618fibonacciretracement pennantbreakout
- Pennant chart pattern formed indicating a bullish continuation of trend.
- Wait for confirmation candle
- On the W1 timeframe price is respecting the 61.8% level
- H1 timeframe is showing an uptrend and price retraced within the pennant.

- We are looking for price to break outside of the pennant and retest it before entering the trade
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