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Akil_Stokes
Jun 14, 2016 8:20 PM

GER30: Bullish Advanced Gartley Formation Long

DAX index of German listed sharesFXCM

Description

Just wrapped up my nightly top down analysis and aside from my 3 open positions, there isn't much else that caught my attention on my trading portfolio. So as always I like to get some practice in by working through analysis on other pairs/markets.

Looking here at the DAX we have a bullish Advanced Gartley Formation that has completed the "D" leg. The last advanced pattern formation on this pair was busted out, but it's important not to let that emotionally effect you for this one. Remember there are 4 types of trades "Good, Bad, Profitable & non profitable"

Akil Stokes
Chief Currency Analyst & Head Trading Coach
TradeEmpowered.com -The Premier Online Trading Education Company

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Comments
Don_Corleone
Thx for sharing man! I am looking at a larger scale and really interested to buy here:

If we will see such a decline ofc.Strong structure and bat-looks good to me.
Akil_Stokes
Nice!
jgcaap
The triangle should be on the M formation only?
jgcaap
Very nice to see you identified this one. Big thanks. Investigated and is very well identified :)
Akil_Stokes
Thank you
TomPower
Due for a bounce
Akil_Stokes
We shall see
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