TRADE UPDATE Dax Index well on the way to the first target

2023년 4월 18일

DAX initially formed a large Falling Wedge.
Then before the price broke above it formed a Reverse Cup and Handle.
The price broke not only out of the Brim Level but also out of the Wedge.
This gave a HIGH probability trade to buy and hold long.
Other signals confirmed too with
7 >21 >200 - Bullish
RSI>50
Uptrend line still strong.
I'm still happy to set the target to 16,375.

Once could even place their stop loss just below the most recent low with the trend line.