Bearish Shark Have first to be traded when it reveals itself as either a double top or harmonic Shark pattern. The shark pattern could be tricky though! We could see only a backtest of the break out and up, but would of cause then still give a nice trade and gain too. Have to see as it expires. Stay Sharp, Charts at WALLSTScalper.com
Dax has recently broken out of a rising wedge which has been forming over the past months, it has managed to recover and is close to the lower part of the channel, currently in what seems to be a bullish pennant/flag in the 5m TF, which could send DAX to 12,060 before it begins to drop. Entry: 12,060 SL: 12,123 TP: 11,780 --------- RRR: 5.18 Trade with care.
Another buy opportunity is now forming on DAX30. Price may find support at recently broken weekly resistance. Correction may be completed at 50 SMA, which acts as a support for several times in the past. Long-term trend is bullish. Stoch RSI is entering the oversold area. Possible TP and SL levels are indicated in the chart.