{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/dax-30-flag-pattern\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/dax-30-flag-pattern\/","headline":"DAX 30 Flag Pattern!","name":"DAX 30 Flag Pattern!","description":"DAX 30 registered a strong growth lately and now it has registered a temporary correction. The current retreat is seen as a potential continuation pattern as a flag pattern. The German stock index recovered a little in the last hours, but we still need strong confirmation before going long. The German Gfk Consumer Climate was […]","datePublished":"2021-10-28","dateModified":"2021-10-28","author":{"@type":"Person","@id":"https:\/\/forexschoolonline.com\/author\/olimpiu-tuns\/#Person","name":"Olimpiu Tuns","url":"https:\/\/forexschoolonline.com\/author\/olimpiu-tuns\/","identifier":19876,"description":"Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.","image":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2021\/04\/20200303_154346-1.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2021\/04\/20200303_154346-1.png","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Forex School Online","logo":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","width":240,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/10\/GER30_2021-10-27_16-58-28.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/10\/GER30_2021-10-27_16-58-28.png","height":868,"width":1834},"url":"https:\/\/forexschoolonline.com\/dax-30-flag-pattern\/","about":["DAX30"],"wordCount":176,"keywords":["dax 30","German Stock Index","pitchfork","stock index","Trade Setup"],"articleBody":"DAX 30 registered a strong growth lately and now it has registered a temporary correction. The current retreat is seen as a potential continuation pattern as a flag pattern. The German stock index recovered a little in the last hours, but we still need strong confirmation before going long.The German Gfk Consumer Climate was reported better than expected, at 0.9 points versus -0.4 estimated. Moreover, the German Import Prices registered a 1.3% growth.DAX 30 Technical Analysis!DAX 30 failed to stabilize above the weekly R2 (15,760.53) level signaling exhausted buyers. It\u00a0 has decreased a little, developing a minor flag. Coming back above the weekly R2 and registering a valid breakout above the minor downtrend line could signal an upside continuation.The support is seen at 15,700 levels. Technically, a new higher high, jumping and closing above 15,801.80 high could signal potential growth towards the ascending pitchfork\u2019s median line (ml). Note: ForexSchoolOnline is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results."}