Last week’s falls in the main indices on Wall Street and in Europe show that it is necessary to once again monitor the supports that the continental market is facing.
In this sense you have to This is confirmed by Joan Cabrero, technical analyst and advisor to , who assures that “it is vital to monitor the behavior of the German Dax and the key support it presents at 12,400 points, because depending on what the rest of the market does, it will react in one way or another. way”.
And it is that, the German selective has been unable to beat the downward guideline that had been guiding the corrective phase from the top of the year, which is currently running at 13,700 points, making clear, in a certain way, an inability on the part of the bulls to manage to keep the pulse.
In this context, it is shown as one of the great opportunities offered by the market because over the last few months it has accumulated a fall that is perfectly bounded within a pattern that in technical analysis is known as a descending wedge.
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