DAX 30 - 1 Minute Chart - Cup and Handle
After breaking down DAX started consolidating and formed a micro cup and handle pattern indicating to me that there is a possible correction rally possibly to 9300 - 305 level (50% retrace) or upto 320 (61.8% retrace) before continuing down.
Did not take the trade because personally don't like classial patterns on micro timeframes. But decided to log it as a little case study.
On another note, looking to initiate shorts either on touching 300 or breaking through 245.
Happy trading!
Did not take the trade because personally don't like classial patterns on micro timeframes. But decided to log it as a little case study.
On another note, looking to initiate shorts either on touching 300 or breaking through 245.
Happy trading!
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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.