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DAX - Bullish Continuation Descending Triangle

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DAX PERFORMANCE-INDEX (INDEX:DEU40)  
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INDEX:DEU40   DAX PERFORMANCE-INDEX
DAX Index dax30 dax30long Triangle Candlestick Analysis Bullish Engulfing germany EWG
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dax dax30 dax30long triangle candlestick bullishengulfing germany ewg
It was a pain trading the DAX all of last week. Several candles indicated tactical bounces off important breakout supports around 10470 - 490, however the index failed to distance itself from key supports, decisively. Friday ended the week with a bullish engulfing pattern. Bigger picture, we are looking at a descending triangle pattern, which I expect to resolve higher, given the bullish backdrop since February.
Komentar:
breaking out today - bullish!!

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