DAX Bigger Picture View Head And Shoulders Formation
I had a few ideas removed from the site as there were links in the descriptions. I am re-posting those Ideas without the links.
This is a good setup on the DAX 0.38% for those who trade patterns like H&S . The slight downward slope on the neckline is usually a good sign that the pattern will be reliable as a trend change pattern. This will obviously take some time to play out but the target to the downside of this pattern is a nice round number as well.
I will use formations on lower time frames to enter positions on this instrument.
Contact me via direct message for any assistance
Cheers
LInton
This is a good setup on the DAX 0.38% for those who trade patterns like H&S . The slight downward slope on the neckline is usually a good sign that the pattern will be reliable as a trend change pattern. This will obviously take some time to play out but the target to the downside of this pattern is a nice round number as well.
I will use formations on lower time frames to enter positions on this instrument.
Contact me via direct message for any assistance
Cheers
LInton