This unit will look at a similar chart pattern which is known as the triangle pattern, or for our purposes the DAX triangle pattern. Towards the end of the article, we will look at strategies that you can use to trade the triangle pattern on the Dax. The triangle...
In this unit, we will look at continuations patterns, specifically the formations of DAX flags and DAX pennants. These patterns are generally seen after a big move in one direction. They represent brief consolidations or pauses in the market before a resumption of the...
In this unit, we are going to look at the DAX Rising Wedge and DAX Falling Wedge Patterns. These patterns are normally a continuation pattern, so basically, a trend continuing in the same direction as it was moving. The previous two units were reversal patterns, one...
In this unit, we’re going to look at the DAX Head and Shoulders Pattern (regular and reverse). These patterns help us show that the momentum needed to break a resistance level or a support level is currently not there in the market. But once the momentum...
Now that we have a better understanding of technical analysis, the next thing to study is charting patterns, starting with the DAX double top and the DAX double bottom. Charting patterns are what many technical traders look for on historical price charts. This is...
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