Crypto-Coin-Trader

Big warning sign! SHS formation on the monthly! Short !!!

Short
XETR:DAX   DAX Index
Hello,

i noticed this formation a few month ago, but now as the right shoulder starts to build the information, i want to publish this one.
Long term ( 6 - 18 month ) short is possible!

Massive downmove awaiting if this SHS is playing out.
Red line shows difference between head and baseline = possible move down.

And you can see divergence in the RSI .

200 MA (month) is huge support, if we will reach this region, that could be a nice long entry!

Good luck and greetings!
Comment: Actually, this was going much faster than expected.
Sure, the panic because of corona was a big catalyst!

Comments

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