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chris_bailey
Nov 12, 2020 11:56 PM

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

DAX index of German listed sharesFXCM

Description

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