DAX update 13.10.17

in dax •  7 years ago 

In my last Post I told you about the possibility of a big iSHS happening in the DAX. The momentum is decreasing, so it seems very plausible right now:

chart-13102017-1714-DAX.png
chart-01102017-1402-DAX.png

For those of you that don't know it, a bullish SHS is called inverted Shoulder-Head-Shoulder pattern (iSHS). It is a normal SHS turned 180°, thus pointing upwards once the Neckline is breached significantly.

The 13,000 mark was not a big issue. This was very surprising for many traders and investors, but not for Elliotticians.

image (5).png
If you think this to be useful information:
DQmRhDtjokAZnGKi4QwheqksKTFo6m4fsjMYsNNrsitC1xk.gif
image (5).png

DISCLAIMER: I provide trading ideas using EW and Pattern analysis. The material in this post does not constitute any trading advice whatsoever. This is just the way I see the charts and what my trading ideas are. The author of this post is holding positions in this market at the time of this post.
If you make any trades after reading this post it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.

Tell me what you think...

Have a nice day :-)

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Great post, again,! Thank you for what you're doing. Upvoted @ 100% my friend. Keep up the good work.go ahead.we are with you all time.best of luck

Great job..:)

Congratulations it's beautiful @ew-and-patterns . Must feel great - that is a lot of work!

This post received a 2.11% upvote from @randowhale thanks to @ew-and-patterns! To learn more, check out @randowhale 101 - Everything You Need to Know!