DAX just completed a bullish Gartley

FX:GER30   DAX Index
Can't complain about that 30 minutes bearish Cypher I traded on DAX             (maybe that I got out too early!), but no we have a bullish Gartley right inside the important 11000 support zone .

The potential target is the top of the trading channel and the required stop loss should be below X point (although a stop below 10,850 may be enough if that support zone will hold
Smaller pattern right on the 11,000 support zone.
Reached very close to my initial target level - "top of the trading channel" - Time to take some profits
So far nice reaction to the pattern's PRZ. The real test will be if it will reach to re-test the 11,000 zone. It should act as support now and push the price higher towards target levels
+1 Reply
IvanLabrie PRO themarketzone
I got out and watching for reentry. Some extra confirmation would be nice, specially considering it can rally to 14723 according to my projections.
+1 Reply
Excellent, going in.

Stop at the 253 daily EMA and a second one with the stop at 10652.

+1 Reply
Good luck
+1 Reply
IvanLabrie PRO themarketzone
Thanks...been patiently waiting heh.
+1 Reply
Now or never!

Nikkei Bat:

SP500 Butterfly:

DAX Gartley:
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