Get started
Kaetea_Ng

Wedge Breakout! DAX Daily

Long
DAX Index (FX:GER30)  
Kaetea_Ng  
FX:GER30   DAX Index
Trend Analysis Chart Patterns Wedge priceaction
2
0
trendanalysis chartpattern wedgepattern priceaction
Here we have a bullish breakout on the DAX. Price is now trading above our trendlines.

I have marked important resistance levels which have been tested in the past.

This setup provides a good long opportunity with a tight SL placement below a low inside the wedge.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.