Short Dax - H&S & losing momentum

13 Şub 2017

Head and shoulders pattern is emerging. Expecting a significant C wave correction (Elliott wave count).

Short entry: 11724
Take profit 1: 11336
Take profit 2: 11183
Stop loss: 11906
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RRR: 3+

13 Şub 2017

İşlem aktif

13 Şub 2017

Not

Price continued up to fibonacci 0.236 and is currently forming a flag.


I may revise the TP because it looks the corrective structure could be a flat

14 Şub 2017

Not

Flag support was broken:


Now for that steep channel