Fxprotrader
Short

Dax Updated@A Very Strong Short Setup

FX:GER30   DAX index of German listed shares
In the previous days i've watching Dax             closely. Yesterday i came with a post explaining that dax             is in a corrective structure ready for a sell off. Looking now to the chart i have indetified two harmonic bearish patterns, a bearish gartley and an ab=cd pattern forming in a key resistance level . In addition we have an abcde corrective pattern completion at the same resistance zone . Lastly looking at previous structure we clearly see that price is also testing a horizontal resistance zone .

Too many factors pushing price to the down, giving us a very nice short setup.

Like and comment,
John.
Great again! so I see the prive rose up a bit more but then has come off to downside currently, I suppose I should put a short on it now???
Reply
Mr Eleven40 I agreed that when I saw DAX@Oct 6 ,11:00, it's a bearish signal which there is a resist level . and I did sell , but unlucky , finally SL @ 9904 . I still need to learn ,thanks your sharing.
+1 Reply
I don't know about Gartley,
but I agree with you elliott approach,for 4 waves.
We should know before this end of the week, where the market whant to go ?
If we look the US index, it' bearish soon...
Wait and see

Pxl
+1 Reply
completely agree, are u waiting 9920-9930 to short on?
Reply
Fxprotrader riccardo.pradella
No i am already in.. 0.786 of the gartley reached plus 100% of ab=cd
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