adam-msa
Short

Bearish continuation.

FX:GER30   DAX index of German listed shares
645 8 8
DAX             had tested the 9400 support zone and closed above could start forming the Right shoulder.
How is it going? That re-test I was waiting for came much earlier but still gave me some pips. I thought it might be time for an update because it seems like DAX is making a pullback that can qualify as your shoulder. This is what I plan and expect:
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Actually, looking at a higher TF this whole part you call "head" seems as a right shoulder to me, with the head to the left. There is no left shoulder, but it is not needed for "the rule of failed swing" to be valid. Everything depends on the next close, and if we close below 9300 the following downside movement will be of the same size as the "head" to the left, measured from 9300.
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adam-msa mr.dmizer
Thank you very much for your view. Appreciate
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mr.dmizer adam-msa
I would be happy to see it form a shoulder just like you showed us because I want to sell high. But right now I think I will settle for any retest of this channel line.
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adam-msa mr.dmizer
Thank you once again for sharing me your detailed view. I will monitor this condition closely. Anyway I like this Pichfork.
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mr.dmizer adam-msa
And here is perhaps what you seek...
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I like the idea. It would give the market fake sense of stability and then collapse again to new lows. If the H&S elects target will be around 7500. Yikes!
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Yes
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