Medium term view - DAX 30 : A head-and-shoulders is forming.
The trend is still neutral, but the consolidation shape reminds of a bearish reversal. Breaking below the support at 11,726.00 pts would validate the existence of a bearish trend with an invalidation above 13,523.00 pts. The market looks like it is going through a distribution phase.Arguments :
- Prices are breaking below the moving average.
- A head-and-shoulders is forming.
DayByDay is an independent research company providing global macro and single stock analysis, recommendation and allocation based purely on behavioural finance methods. Those include long term cycle analysis, sentiment analysis, and technical trigger. DayByDay serves all clients in need of practical and precise publications to make effective market decisions, on any time horizon, from a few hours to a few years.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.