"GER30 (DAX): Bearish Bat Pattern Completion" by trader fxkronk — published September 08, 2015

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DAX Index (FX:GER30)

FX:GER30 DAX Index

dax ger30 batpattern elliottwaves

Bearish Bat Pattern Completion. We can also see that an abcde corrective pattern where point e meets point d of the bat pattern

Entry Point: 10340
Stoploss: 10414
Profit Target: 9844

Looks like a solid count, although I would rather sell on ~ ,100 stop than limit > ,300 limit; i think there's more, and potentially stop-loaden, air below than just at 9800s

that's historically just quite a soft mark; thus more that conservative entry is justified by bigger potential.

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