leszekstanislaw

GER30 H1 - Butterfly, ABCD and 61.8% fibo - short?

Short
FX:GER30   DAX Index
2
I think there is short opportunity on DAX (GER30), because
  • there is AB=CD
  • ABCD ends at 61.8% of fibo - statistically correction end at 50-61.8%
  • downtrend channel - we are on top on this
  • butterfly waits for its D point :)))

Edit :
Actually I did not play this, but valuable lesson was there should be always plan B. And plan B could be simple - after trendchannel breakout wait for pullback, take postition (why wait for pullback? to define short stoploss)

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