Short

DAX potential short oppty

Updated

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 active

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).....

Note

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....

Flash430

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