Very fine Shark Pattern, in DAX weekly chart.
See the double top on the chart, and compare it to the lowering top on the 21 RSI.
Comment what you think.
Could fit a ABCD pattern (maybe XABCD). And reacts well on the fib.
I am short until it breaks out of the pitchfork.
In my opinion it seems next year to be very bearish, if all the fundamental aspects are against us.
Like a lower price on oil.
If the market have a bad respond on next week news, it can get disastrous.
Give me your comment on how you see 2016 :)
Wait for pullback.
I think the oil is going lower, And why not getting some money for your wife's christmas gift? :)
We wait for the price testing the trend.
If it wants to go through EMA and trendline, set your entry-price (for short) at the place the price went trough the EMA.
And wait wait for the price going back.
We see a example at the first lightblue...
I think i see a zigzag in the DAX.
I have not traded the wave-patterns much, but i do my best.
If any expert out there have a other view on this, please comment so i can make it better next time.
