StevenRedeker
Short

DAX potential bearish Butterfly Pattern

INDEX:DAX   DAX Stock Index
I just saw in my pre-week analysis a potential Butterfly-Pattern in the Daily Chart .

Entry, is in the Zone between the 1.141 Fib expansion from X-A and the 1.618 Fib expansion from A-B.
Agressiv Stop would be above the A-B 1.618 Expansion. The normal Stop would be around the 1.618 Expansion from
X-A.

Stop Loss at 10659.42
Target 1 would be at the 32.8 Fib Retracement at 9934.68
Target 2 would be at the 61.8 Fib Retracement at 9647.52

Enjoy your weekend
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