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.
Trade ativo
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).....
Nota
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....
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