DAX Bigger Picture View Head And Shoulders Formation
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I had a few ideas removed from the site as there were links in the descriptions. I am re-posting those Ideas without the links.
This is a good setup on the DAX 0.38% for those who trade patterns like H&S . The slight downward slope on the neckline is usually a good sign that the pattern will be reliable as a trend change pattern. This will obviously take some time to play out but the target to the downside of this pattern is a nice round number as well.
I will use formations on lower time frames to enter positions on this instrument.
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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.