DAX IndexShort
3 musketeers at the top of DAX
Updated
At the time of writing ,the price of DAX is 9814 and counting down........
The 3 musketeers are similar to the triple top formation though the latter is usually seen on the top. One thing to take note is short ONLY when the trend line is broken AND do not assume it must follow the red arrow as shown.
It is so easy to make this mistakes and is a costly one, mind you. You might get it right a few times , made some money and turn greedy to increase your position size on the next bet. That is when the Market takes back all and your pants as well. Do you want that ?
Patience , let me be the bad guy to nag at you as I rather you make 1 dollar profit than to lose 10 dollars loss. Get it ?
The 3 musketeers are similar to the triple top formation though the latter is usually seen on the top. One thing to take note is short ONLY when the trend line is broken AND do not assume it must follow the red arrow as shown.
It is so easy to make this mistakes and is a costly one, mind you. You might get it right a few times , made some money and turn greedy to increase your position size on the next bet. That is when the Market takes back all and your pants as well. Do you want that ?
Patience , let me be the bad guy to nag at you as I rather you make 1 dollar profit than to lose 10 dollars loss. Get it ?
Note
Congrats to all for shorted. Dax is down 3.94% yesterdayNote
see the repeated pattern again ?
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