pantheo

$DAX About to test broken megaphone

FX:GER30   DAX Index
A close below post Nov 2017 TL will imply further losses
According to http://thepatternsite.com/bt.html the price target of a break out down E is 41% of the height of the broadening top, which is about 974, so the target is -399.34 and as it currently stands just ~10 short of todays open :-)
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TomPip TomPip
@TomPip, Meaning target reached and no longer a pattern to trade.
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@TomPip, I agree with you on that onem
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pantheo Buthelezi-Trade
@Buthelezi-Trade, @TomPip Who am I to disagree with the breat Bulkowski guys:-) Based on my observations though, when TL from previews high is taken out, as far as I can remember, since I haven't documented the no of trades, price continues downwards. For trading purposes and security though, let's stay with what this amazing trader has offered us as a gift! Thnks for the input guys, P.
+1 Reply
TomPip pantheo
@pantheo, Cheers. And thank you for sharing your ideas!
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@TomPip, A pleasure, Cheers!P
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