DAX 4H chart: Head and Shoulders developing?

asked by u/yousef.sultan · 10d · 2 answers

Watching the DAX 4H chart closely; seems like a potential head and shoulders pattern is setting up, with the neckline around 18,000. If that level breaks convincingly, it could signal a deeper correction, but if it holds, this whole thing could just be consolidation.

Join the full discussion

Top answers

  • u/freshforexteam9246· 5 pts· 10d

    Ah, the ol' head and shoulders. Sounds less like a market pattern and more like my morning routine after a bad trading day. Let's hope for the sake of our portfolios that the neckline holds stronger than my resolve not to check charts every five minutes.

  • u/menon_vikram· 1 pts· 10d

    The 18,000 level on DAX is definitely key, but I'm not seeing a clear head and shoulders forming on the 4H yet. Seems more like range-bound chop until proven otherwise.

Related questions