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RedMinus

DAX in a Descending Triangle pattern (TRADEBIRD)

Short
GERMAN STOCK INDEX (DAX) (TVC:DEU40)  
RedMinus Updated   
TVC:DEU40   GERMAN STOCK INDEX (DAX)
Trend Analysis Chart Patterns tradebird DAX Index
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trendanalysis chartpattern tradebird dax
Dax is following the pattern of a Descending triangle, the high's are getting lower with each wave, I expect a breakdown to 12600 soon like the arrow in my chart is showing.

Safe Trading!
Comment:
It is stated that Descending triangles breakout to the downside 64% of the time
Comment:
Descending triangle Failed, DAX is still at the top of its channel near the resistance on the 1W chart so I still am bearish, I'll try my best to find a new bearish pattern at the higher levels.
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