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

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DAX index of German listed shares (FX:GER30)

FX:GER30 DAX index of German listed shares

DAX 30 GER30 CFD Bat Elliott Wave

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

1-2yrs DAX/FDAX baisse target

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

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