Get started
faris.makki

Short Dax - H&S & losing momentum

Short
DAX Index (FX:GER30)  
faris.makki Updated   
FX:GER30   DAX Index
Head and Shoulders Momentum Indicator (MOM) elliotwavecount Elliott Wave riskreward DAX Index dax30 short
16
3
headandshoulders momentum elliotwavecount elliottwaves riskreward dax dax30 short
Head and shoulders pattern is emerging. Expecting a significant C wave correction (Elliott wave count).

Short entry: 11724
Take profit 1: 11336
Take profit 2: 11183
Stop loss: 11906
-------
RRR: 3+
Trade active
Comment:
Price continued up to fibonacci 0.236 and is currently forming a flag.
snapshot

I may revise the TP because it looks the corrective structure could be a flat
Comment:
Flag support was broken:
snapshot

Now for that steep channel
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.