Looking at the German DAX (Ger 30) we see 4 bearish patterns:
A Bat formed by the last swing
A H&S Pattern formed by the last 3 swings
Contact with a strong resistance area at the ATH (tested 3 times now).
RSI in oversold territory.
It seems like a horde of bears is around the corner. Did I miss something?
The Ger30 seems to form a crab pattern. Only problem is the price-spike located in the XA-Line. Did i miss something?
Entry and TP are marked in the chart.