Head and Shoulder TOP ?

INDEX:DAX   DAX Stock Index
422 7 1
This formation is very rare to work out on this index ... but sometimes it will be the first time.

Why not at the TOP ?

Good Luck !
... nice find ;)
Thx Amigo ,
We are getting closer to the neck line at the moment ... this day can be crucial for this market , maybe even for all majors - across the ocean also.
We'll see ... I am bearish at the moment.
martinex martinex
So far ... so good , perfect touch ( from the down move ) of the neck line from previous breakdown today :
martinex martinex
updated chart - neck line tested and rejected with massive move :
Unfilled GAP below is calling.
martinex martinex
Let's look at the chart again ... TP1 and TP2 are marked - for this leg down
martinex martinex
I hope that short positions were held by most of viewers of this idea till this stage ... as clearly we saw last week another H&S pattern building on the chart , seems that this time we can hit TP2 on the next move
martinex martinex
the market hitted TP1 and took back up ... now we can see breakaway from major Bull Flag ... there is no short play at the moment
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