GER30 Daily Bullish Shark/ Bat Pattern
As per my previous post on the DAX, there was a bearish butterfly around 12300, now the targets for the bearish butterfly have evolved into 2x bullish patterns
As shown there is a bullish Shark and Bullish Bat pattern both indicating a possible short term long; if these patterns do rally the market then I would expect some resistance around 11850 - 12000 in the form of a bearish 5.0 pattern
I might play this long side for a short term long and then look to add to my existing position short trade around the 50-61.8% retracement of the recent decline!
Playing both sides of the market being long and short simultaneously - see how we go...
Dheers!
Dion
As per my previous post on the DAX, there was a bearish butterfly around 12300, now the targets for the bearish butterfly have evolved into 2x bullish patterns
As shown there is a bullish Shark and Bullish Bat pattern both indicating a possible short term long; if these patterns do rally the market then I would expect some resistance around 11850 - 12000 in the form of a bearish 5.0 pattern
I might play this long side for a short term long and then look to add to my existing position short trade around the 50-61.8% retracement of the recent decline!
Playing both sides of the market being long and short simultaneously - see how we go...
Dheers!
Dion
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.