brianhimmelstrupnielsen

Possible SHS pattern before 2000 pips down in DAX

Short
FX:GER30   DAX Index
178 views
3
Watch out how this possible SHS formation plays out.
I'm looking for a short opportunity.
If it fails, I'll be looking for second opportunity i level 10.400-10.000 (with possible spike to around 10.600)
Let's see how it plays out.

Comments

Nice shs here, but where we should take our ptofits? around 9420?
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the SHS played out perfectly....tp area was around 9323.....some +300 pips worth....(short could've been set at neckline break aroung 9659)

The next big short oppo will come later, for +2000 pips....look for DAX in 10.400-10.700 area....(desc triangle set up)
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brianhimmelstrupnielsen brianhimmelstrupnielsen
update....the SHS formation produced 1200 points drop so far from top of SHS.
AFTER this downtrend bottom has been established, the retracements happened, and THEN looking for the +2000 pips downwards.
Still....bottom line: the SHS formation played out as a valid short signal.
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