Fx-AlphaStrats

Dax Bearish Shark pattern

Long
OANDA:DE30EUR   Germany 30
Here we have a bearish shark pattern, that have completed a,b,c, and d point is expected anytime soon

If you look at the RSI, a regular divergence have occurred.

the entry point will be at the end of the D leg, which is 0.786 on fibonacci level drawn from a to x.
We also see a resistance and ranging area in the drawn box, which is where i will expect the d point to be.

meanwhile i will counter trade the index, with more charts being uploaded while doing it.

So we have a ranging and resistance area where the d point will end.
a bearish shark harmonic, that have followed through the a,b and c point.
and we have a regular divergence.

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