olly_price
Short

German DAX bearish Gartely

FX:GER30   DAX Index
99 0 1
Gartely pattern with a 1:1 ratio between the AB and CD legs. Very tight confluence area between the 0.786 retracement and 1.272 extensions, which will be my entry point and is indicated by the blue area. A relatively high RSI indicates that there is room for a short-term move down.

Nice little potential day trade here for Monday.

I usually stick to FX but worth trying a few stock indices as well.

Trade closed: target reached
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