ggekkotrader

DAX 30 - 1 Minute Chart - Cup and Handle

FX:GER30   DAX Index
After breaking down DAX             started consolidating and formed a micro cup and handle pattern indicating to me that there is a possible correction rally possibly to 9300 - 305 level (50% retrace) or upto 320 (61.8% retrace) before continuing down.

Did not take the trade because personally don't like classial patterns on micro timeframes. But decided to log it as a little case study.

On another note, looking to initiate shorts either on touching 300 or breaking through 245.

Happy trading!
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