Thyssenkrupp AG (TKA - DAX) - sell for 5th wave down

25 Nis 2020

Thyssenkrupp AG (TKA - DAX) is in downtrend. The 5th wave down shown in chart is in progress. Sell below 5.34 after breaking down that level with stops above 5.75 for new low as target. It is much under-performer to DAX index.

10 May 2020

İşlem kapandı: durdurma seviyesi

10 May 2020

Not

4th wave completed where stops taken out. and then start going down as expected. It calls for new entry.

6 Haz 2020

Not

The structure turned out to be a ABC rather than throught of impulse.

What I learn:
1). Always have a bigger time frame clear count before any trading.
2). Market direction is more important in trading.