Head & Shoulder Pattern (DAX|DE30); Daily

In a nutshell:

• Idea is based on the daily and provides a mid-term view on the DAX
  
• We might see a pullback towards 12,200 - 12,600
  
• Risk seeking traders might open a short position in this range, more cautious wait till 11,600
  
• The pattern might complete till Feb. 2019
  

I gonna update the idea regularly. Nevertheless I will do also some "Interim" trades. I would open the trade rather in the upper range than in the lower ranger, but I gonna comment on this one later - who can tell now.

การซื้อขายยังคงดำเนินอยู่:

What shall I say, it started earlier - w/o any pullback…

ความคิดเห็น:

All major Indices are hitting the EMA 200 (daily or even weekly) right now. Expect pullbacks and take some profits… Anyway we made massive pips within the last 2 days and the 4 days before. Nice week :)

ความคิดเห็น:

I am looking to reenter the short trade around 12.100 (plus/minus) gonna update the idea when I am short again.

ความคิดเห็น:

If the market accepts the 4H PP and does not move above I will be short again.

ความคิดเห็น:

ความคิดเห็น:

Well as written above I went short… And we got a new short signal in 4H but keep in mind: Tomorrow is the third Friday. So, I will be careful with trades before 1 pm. Ride safe...

ความคิดเห็น:

This is the blue print which I have published in Feb. 2018 and which worked very well until now… Today we broke the first support line which means we might see another sell-off towards 11,100. ride safe guys…:

ความคิดเห็น:

For the time beeing I am flat again. The newspaper Il Messaggero published that the Italian government might change the budget plan. It does not change anything but you know how markets react on such news...

ความคิดเห็น:

Next Milestone reached… Take some Profits... :)

ความคิดเห็น:

We have successfully tested the neckline…

ความคิดเห็น:

I would expect for today the announcement of the ECB regarding Italy´s budget. Right now we see a hughe push towards north. Nevertheless I would expect as soon as the announcement have been done a retracement...

ความคิดเห็น:

Okay it is not just simple price management by AM. Seems we found a deal on Brexit...

ความคิดเห็น:

Still running…