HEAD AND SHOULDERS
Updated
Current structure indicates we have a classic head and shoulder pattern in development and I expect medium term reversal.
DAX has sold off 40% from all time high and we did not have and bigger correction yet.
We have divergence in MACD indicator and possible another bullish triangle pattern in making in right shoulder of bigger H&S pattern.
DAX has sold off 40% from all time high and we did not have and bigger correction yet.
We have divergence in MACD indicator and possible another bullish triangle pattern in making in right shoulder of bigger H&S pattern.
Note
Trade closed, target achieved.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.