DAX - ☕
One of my most favourite patterns! Cup & Handle pattern - Inverse!
I've back tested this pattern many times and it never has failed me with the correct amount of risk etc. What states on your plan, that's the greatest importance.
Highs: 15420
Lows: 15280
A break above the highs this trade plan is no longer valid. A break below the lows I expect the continuation of bearish price action to continue and breaks below the trendline then we may go towards 200 EMA area.
Have a great week ahead,
Trade Journal
Key tip: Ignore the noise
One of my most favourite patterns! Cup & Handle pattern - Inverse!
I've back tested this pattern many times and it never has failed me with the correct amount of risk etc. What states on your plan, that's the greatest importance.
Highs: 15420
Lows: 15280
A break above the highs this trade plan is no longer valid. A break below the lows I expect the continuation of bearish price action to continue and breaks below the trendline then we may go towards 200 EMA area.
Have a great week ahead,
Trade Journal
Key tip: Ignore the noise
Trade closed: stop reached:
Stopped out Tuesday.