Apr 24, 2017 - (Chart of the Day) DAX - What next for bears ?

Hi,

today German Index DAX as our Chart of the Day:

Join Us:

FREE LIVE TRADING ROOM - click here

Most probably every bear around was dreaming about possible H&S formation ( blue on the chart below ) before market has open today. Unfortunately, right after the open ( and for the whole trading day ) the same bears were in rush to cover their shorts - again :) - after French election outcome.

So , what next ?

Most probably more squeeze ( false downside break from the channel suggest attempt to break higher ) and then.... sellers may have another chance to get back to the game, this time trying to trade BIG H&S ( red scenario on the chart below )...

Please don't hesitate to contact Us should you have additional questions.
We are here to help you, just contact us at: landoftradingATgmailDOTcom.

Happy Trading

Mr Price Action


DISCLAIMER: This material was created for informational purposes only and represents the Land of Trading team’s view of the past and current economic and capital market environment. It is not an investment advice and should not be viewed that way at all, and the creators of this material cannot be held liable for any potential losses resulting from trading, where despite this disclaimer someone would consider this material as an investment advice. All rights reserved ©2016. Contact: landoftradingATgmailDOTcom, Blog: landoftrading.blogspot.com