Fxprotrader

DAX Analysis - Harmonics To Take Charge

FX:GER30   DAX index of German listed shares
Having indetified a couple of harmonic patterns into a chart, we may have the path which price may follow in the upcoming weeks. This is only my analysis on the Dax             , whenever we have a setup i will update this post.

Keep your trading simple, follow your own plan! Like and comment if you agree!

Have a nice trading week!
Comment: Gartley pattern completed. Price has reached D point
Comment: The gartley worked great and pushed price higher. We should now keep an eye for a sell setup to complete
Comment:
snapshot
Again Fxpro, love your chart. I have been delaying making a trade on this one since I was always unsure. Your chart and the one from Leo makes it easier for me to understand as I learn these structures. But now to the DAX, it has passed the gartley or Point "D" so do we anticipate a retracement this week?
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EricDelacrausaz PRO EricDelacrausaz
Or will it continue to dive?
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This one is going good, Do you have a small update to it?
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Boy I think you can read my mind, that is scary.....lol
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Fxprotrader EricDelacrausaz
Hahaha..
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I am thinking about SHORT at 10150, that is the top of the line with a TP of 9400 first. What do you think?
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Fxprotrader EricDelacrausaz
When price break below this channel watch for a short setup and sell.. But it must be a clear sharp breakout..
snapshot
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OK thanks
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And NOW ????
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Watch above where i replied to Eric.. Watch for price to break below the channel
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daxnet Fxprotrader
Complete??
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If you mean the larger pattern, no..
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daxnet Fxprotrader
Thanks for your answer. Yes I mean the larger one.
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HI Fxprotrader.

Seeing that the DAX took a straight dive and is at 9487, I think that it would try to go back to the 10000 level, do you see that happening before it goes short again?
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Fxprotrader EricDelacrausaz
This week will be full of news, after the brexit.. It's definately going to correct but we should have a crystal clear setup to trade. I will update if anything forms.. Have a nice week..!
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daxnet Fxprotrader
And NOW?
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