dionvuletich
Short

GER30 Bearish 5.0 Pattern + Cypher

FX:GER30   The DAX Index
257 3 2
Ger30             again, the short term long I noted on an earlier post bounced as expected but would have resulted in a loss if the stop was below X,

Behaving as expected, the rally is now coming back up into the 5.0 pattern noted earlier which also coincides with a bearish Cypher patter around the same level...

I suspect 11920 is going to be a formidable resistance level with some form of reaction there to the downside
I still remain longer term bearish and am position short but this could offer a shorter term opportunity to the down side for swing traders

Don't trade other people plans... develop, test and verify a plan for yourself and then follow your OWN plan!!

Nice ! Spot on!
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Booyaa! perfect...
+1 Reply
Ricprocal AB=CD (in purple) at the 61.8% retracement which is near the Cypher level, there is a lot of fibonacci symmetry there
+1 Reply
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