Thyssenkrupp AG (TKA - DAX) - sell for 5th wave down
Updated
Thyssenkrupp AG (TKA - DAX) is in downtrend. The 5th wave down shown in chart is in progress. Sell below 5.34 after breaking down that level with stops above 5.75 for new low as target. It is much under-performer to DAX index.
Trade closed: stop reached
Comment
4th wave completed where stops taken out. and then start going down as expected. It calls for new entry.Comment
The structure turned out to be a ABC rather than throught of impulse.What I learn:
1). Always have a bigger time frame clear count before any trading.
2). Market direction is more important in trading.
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