DAX Bear Market Trade, Part 3 H&S
Updated
My early followers know how i shorted the DAX on the high in January and went low at the exact low in March. While going long i showed a road map of my strategy for the months to come back then. Scaling in my short entries with a wide stop and just sit and wait to see how things develop. The strategy was getting a short entry for the bear market, meaning holding the position for a very long time, maybe even more than a year and increasing it at crucial points. We are closing in at one of those crucial points now, the retest of the neckline of that big H&S. I will watch and see how things develop the coming week or two, if i see something that i have shown on the right, i will increase my position with 25% (to 125%) and increase it to 200% on the way down after clear confirmation of this possible failed inverse H&S that turns into a bearish wedge.
So i think we might see some bullish movement coming week, even more in the US markets, which could be the last bullish week for the coming period. But for the Dax, we have to stay below the red zone. I do not want to see the inverse H&S becoming too strong.
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Previous analysis: If you want to see and learn something, i recommend to read and study my previous analysis on the DAX, since the call of the bear market in January.
So i think we might see some bullish movement coming week, even more in the US markets, which could be the last bullish week for the coming period. But for the Dax, we have to stay below the red zone. I do not want to see the inverse H&S becoming too strong.
Please don't forget to like if you appreciate this :)
Previous analysis: If you want to see and learn something, i recommend to read and study my previous analysis on the DAX, since the call of the bear market in January.
Note
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