Deutsche Börse AG has formed a signal on the monthly chart
Today an interesting share from the Dax. The German stock exchange AG has run very well in recent times. Most recently, the 170 € mark was exceeded here but since then we are in a correction.
On the monthly chart, a sideways phase can be seen and this forms a bearish flag. A breakout on the downside is likely in this formation, but we will see that soon.
The last highs and lows are the natural TPs here. Both points are far away to justify a trade, because the risk/reward ratio is very good.
The PG on a monthly basis as a trigger point for the rally. The PG allows me once again a good opportunity for an entry. But first I want to see a confirmed breakout before I trade.
|PG||Trigger upside||Trigger downsinde|
Source: (Guidants/Godmode Trader) & JFD Broker & Binance
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