DAX IndexShort
DAX Pitchfork Idea - Downside Move (SMARSI Sell Signal Too)
Regular Andrew's pitchfork with a clean A-line and the Upper Median Line Parallel (UMLH) is holding up at the moment, so if we continue to see price peel away from here, we could see some downside.
Of course, if the UMLH is broken and price continues to make higher highs, then his idea can be discarded.
This entire idea is actually a contrarian idea, which I don't often subscribe too, but the lines fell into place easily and sometimes that speaks volumes.
Of course, if the UMLH is broken and price continues to make higher highs, then his idea can be discarded.
This entire idea is actually a contrarian idea, which I don't often subscribe too, but the lines fell into place easily and sometimes that speaks volumes.
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.
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.