Nice! did you first get involved at our previous structure around 11700's?
dionvuletich
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Yes I think my first short was around 11,710ish from memory but based on longer term charts, I suspect the Dax may not get as high as the Cypher pattern as there is also a Shark going into a bearish Carney 5.0 pattern between 11,800 - 12,000 if you consider the 04/03 as the starting X point
Oliver
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Hi,
Tell me what do you think about the Dax with these new moves...
Thanks
Oliver
Akil_Stokes
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For a trader looking to get short, this will be the lowest risk opportunity one can get
Akil_Stokes
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If I don't have a chance to record a video this weekend I'll see if I can talk about it during Monday's webinar, but it looks like at least a 1:5 risk reward at it's current location
Oliver
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Don't you think that the DAX just made a simple FIB retracement ? and from now will continue his journey...
Oliver
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Please look in my profile for the chart with the FIB on...
Let me know what do you think.
Oliver
Akil_Stokes
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that can certainly be the case, but there's not enough there (for me) to have any buying interest and with the bearish rotation, i like my risk reward a lot better going bearish