In the previous days i've watching Dax closely. Yesterday i came with a post explaining that dax is in a corrective structure ready for a sell off. Looking now to the chart i have indetified two harmonic bearish patterns, a bearish gartley and an ab=cd pattern forming in a key resistance level. In addition we have an abcde corrective pattern completion at the same resistance zone. Lastly looking at previous structure we clearly see that price is also testing a horizontal resistance zone.
Too many factors pushing price to the down, giving us a very nice short setup.
Like and comment,
John.
Too many factors pushing price to the down, giving us a very nice short setup.
Like and comment,
John.
