DAX potential short oppty

9 Ağu 2018

DAX - about to tumble? There are 3 sets of Head and Shoulders top formations I can see at different timeframes.
Hourly - since start of Aug. 4Hourly - since early July. Daily/Weekly - since April 2017.
Can try shorts with stop loss levels appropriate to your trading TF.

10 Ağu 2018

İşlem aktif

Well that was quick as the actress said to the Bishop.
First H+S top formation on hourly charts has already played out (near enough) with target around 12450.
If second H+S (the one since early July) plays out then we would be looking at 12100 area.
And of course longer term H+S pattern points to MUCH lower levels if it plays out (closer to 10,000).....

15 Ağu 2018

Not

Both the short term H+S top patterns have played out (12100 is tgt for the second).
Bigger picture however if the larger H+S top plays out we are headed for much lower levels.
Also nobody is talking about the long term trendline break on daily charts yet....