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Looks like big head and shoulders to me from April 20 til now...

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jacobmoore

1,233 Posts.

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23/05/18

13:12

Post #: 33269907
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Originally posted by somuchwolf ↑

For all those following local indices (XJO) I thought there may be some interest in other global index movements.
If you can handle the time difference, or find yourself on the northern side of the globe, there has been some interesting (juicy) movement and good swing trades across the DAX and ftse and of course not to forget our yankee friends.

I've been following the DAX with particular interest in recent months and thought I'd post some charts and generate some discussion.

Look forward to hearing from anyone.

DAX is sitting at an interesting point right on a significant support/resistance line and also the 50 day moving average. Some positive political sentiment in coming days could inspire another good leg up...

Daily

View attachment 860579

Weekly - or will it come down to 50 bar MA before continuing?

View attachment 860582

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Looks like big head and shoulders to
me from April 20 til now ... on the downslope of the second shoulder now and we all know what happens from there ... great short from here imo

Value at posting: 13,170
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