DAX 40 H1: A break through the upper leg of the triangle indicates a change in the balance of forces in the market
Apparently, market participants have decided on the future direction of DAX 40 trend.
The formation of a symmetrical triangle indicates consolidation before a breakthrough and an increase in trading volatility. A piercing of the upper triangle leg is a positive signal indicating an upcoming price increase.
For DAX 40 now the most evident trading strategy is opening the long positions. A trader can enter the market at the current levels or when a preset level is being retested.
📌 Entry: 24483.54
✔️ First target: 24757.26
✔️ Second target: 24895.12
❌ Stop order: 24274.07
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