martinex
Short

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 ;)
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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.
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martinex martinex
So far ... so good , perfect touch ( from the down move ) of the neck line from previous breakdown today :
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martinex martinex
updated chart - neck line tested and rejected with massive move :
Unfilled GAP below is calling.
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martinex martinex
Let's look at the chart again ... TP1 and TP2 are marked - for this leg down
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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
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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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