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DAX Big Sell Signal

Short
DAX Index (XETR:DAX)  
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XETR:DAX   DAX Index
Trend Analysis Harmonic Patterns Chart Patterns DAX Index xetradax daxsignals daxtrading GER30 CFD stockssignals stocktrading dax30
10
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trendanalysis harmonicpatterns chartpattern dax xetradax daxsignals daxtrading ger30 stockssignals stocktrading dax30
Pattern: Channel Down on 1W.

Signal: Bearish since the price is near the pattern's Lower High.

Target: TP1 11215, TP2 11050.

*Note: The same pattern took place in 2015/ 2016. After the 5th wave on the Lower High the index pulled back to its 0.5 Fibonacci and then broke the Channel upwards.
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