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YSby u/yousef.sultan·7hAnalysis

DAX 4H chart: Head and Shoulders developing?

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.

2 comments · 24 points

2 Comments

FRu/freshforexteam9246France·4h

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.

5
MVu/menon_vikram·4h

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.

1

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