LHollingworth

LHollingworth Updated  Apr 21, 2023

Some basic price action, a 5 wave pattern and technical analysis shows the DAX entering a possible exhaustion area. Couple this with COT Data versus Retail Sentiment and we could be hitting our heads back down before the 16000 level. Personally I've been trailing a long position which now has a healthy SL at a very positive level. Will keep an eye out for short...

LHollingworth Updated  Mar 29, 2023

It would seem smart money institutions are planning something of a bearish move but when looking at the harmonics along side DAX, which is usually closely following, they're worryingly different. This could be the reason for such a snail-paced day.