Fxprotrader

Dax Updated@A Very Strong Short Setup

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FX:GER30   Índice DAX das ações alemãs negociadas em bolsa
In the previous days i've watching Dax closely. Yesterday i came with a post explaining that dax is in a corrective structure ready for a sell off. Looking now to the chart i have indetified two harmonic bearish patterns, a bearish gartley and an ab=cd pattern forming in a key resistance level. In addition we have an abcde corrective pattern completion at the same resistance zone. Lastly looking at previous structure we clearly see that price is also testing a horizontal resistance zone.

Too many factors pushing price to the down, giving us a very nice short setup.

Like and comment,
John.
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