DAX (Weekly) – Towards 5000 but is it possible?
We are done with small H&S formation but what about the “Monster” one? For now we may see some continuation to the downside towards 9500/9000 followed with some kind of bounce/rally. And that might be the rally that will create the right shoulder.
Bear in mind that we are looking at weekly chart, so it is going to take some time to develop. In this case we talk about possible bounce towards the 12 000/500 mark.
Should you have any questions feel free to contact us anytime.
Good luck Champs!
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