A 4 dollar trade in $DK with break of neckline
Updated
Possible IHS
This chart is made for the FREE BLOG at our website.
DK is in an almost symmetrical IHS pattern.
As always...only becoming a valid pattern with a decisive break of neckline.
Resistance right now at Gann angle and showing negative divergens.Have to take both out.
Target: 29.50ish
Stay sharp on charts at:
WALLSTScalper.com
Our specialty is trading the futures live - giving signals to help you in your trading!
This chart is made for the FREE BLOG at our website.
DK is in an almost symmetrical IHS pattern.
As always...only becoming a valid pattern with a decisive break of neckline.
Resistance right now at Gann angle and showing negative divergens.Have to take both out.
Target: 29.50ish
Stay sharp on charts at:
WALLSTScalper.com
Our specialty is trading the futures live - giving signals to help you in your trading!
Note
The negative divergens as shown at the bottom indicator did indeed play out. Neckline not broken but finding short term support at Gann Fan trendline. Next line in the defence will be around the 23.10/20ish handle - next Gann Fan line Until then it's a non touch.
I't not game over for the pattern. Instrument still making higher hihgs and higher lows.
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