chris_bailey

DAX Pitchfork Idea - Downside Move (SMARSI Sell Signal Too)

Short
FX:GER30   DAX Index
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5
Regular Andrew's pitchfork with a clean A-line and the Upper Median Line Parallel (UMLH) is holding up at the moment, so if we continue to see price peel away from here, we could see some downside.
Of course, if the UMLH is broken and price continues to make higher highs, then his idea can be discarded.

This entire idea is actually a contrarian idea, which I don't often subscribe too, but the lines fell into place easily and sometimes that speaks volumes.
Crypto analyst and trader

Comments

I always liked your ideas with the pitchfork strategys in the past.
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chris_bailey Geert2000
@Geert2000, Thanks Geert, they can be great tools. I'll keep an eye on this one
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