phaneroboy
Long

DAX LONG SWING SETUP

FX:GER30   The DAX Index
Waiting to open a long position when the 100% extension will be reached at 8770/8750 area.
SL at 8450 and first target at 9030 area in order to create a risk free position. Final target is new highs at 10500 area.
What pattern is this?
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phaneroboy ExperienceTrading
this pattern is called Equal legs. You play in a abc correction the C=A. I learned those kind of patterns at http://elliottwave-forecast.com (I'm not advertising but giving credit to those who have taught me how to trade these setups)
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i really hope so, as i have few buy positions :(
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phaneroboy Prits187
Dax does not filled my limit orders, so i bought it manually. I think that this level should produce a bounce at least to my first target (9030 area). Let see, finger crossed :P
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