A potential bullish cup and handle formation in DAX
DAX has been overlapping to the down side since a short term high was placed on last Friday. After running the double bottom formed on Tuesday this morning, the formation of bullish cup and handle is taking shape.
The handle part of the formation has retested the prior break out zone from 11145 to 11160 has given more strength to this formation.
The handle part of the formation has retested the prior break out zone from 11145 to 11160 has given more strength to this formation.