Sometimes you realise, that you might be looking into the abyss.
In this case the bearish 5-0 pattern (read five - ohhhh!) suggests a drop in the 11400-10800 range.
Of course I am shorting the DAX like crazy with a small stoploss of 180P. There is a chance to earn 1200P here. You don't get that every day.
The Ichimoku indicator is supporting this theory:
I am not saying here that nothing else is possible for the DAX. But the odds are enough for me. The risk reward ratio is insane, too.
If you think this to be useful information:
Feel free to use and share my charts, but please mention me, @ew-and-patterns as the author. Otherwise it is considered plagiarism and I will flag you and advise my friends to do the same.
MUST READ!
DISCLAIMER: This post / analysis serves general information purposes only. I am not, and never will be a financial adviser. The material in this post does not constitute any trading advice whatsoever. This is just the way I see the charts and what my trading ideas (from my personal experiences) are. I use chart pattern and Elliott Wave analysis for my trading ideas.
For full disclosure: The author of this post is holding positions in this market at the time of this post. Please conduct your own due diligence, if you plan to copy anyones investment decisions!
If you make any trades or investments after reading this post, it is completely in your own responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept to never hold me accountable for any of your losses.
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Have a nice day :-)
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