DAX in a Descending Triangle pattern (TRADEBIRD)
Updated
Dax is following the pattern of a Descending triangle, the high's are getting lower with each wave, I expect a breakdown to 12600 soon like the arrow in my chart is showing.
Safe Trading!
Safe Trading!
Note
It is stated that Descending triangles breakout to the downside 64% of the timeNote
Descending triangle Failed, DAX is still at the top of its channel near the resistance on the 1W chart so I still am bearish, I'll try my best to find a new bearish pattern at the higher levels.
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