Thyssenkrupp AG (TKA - DAX) - sell for 5th wave down

25 באפר׳ 2020

Thyssenkrupp AG (TKA - DAX) is in downtrend. The 5th wave down shown in chart is in progress. Sell below 5.34 after breaking down that level with stops above 5.75 for new low as target. It is much under-performer to DAX index.

10 במאי 2020

עסקה סגורה: הגיע לסטופ

10 במאי 2020

הערה

4th wave completed where stops taken out. and then start going down as expected. It calls for new entry.

6 ביוני 2020

הערה

The structure turned out to be a ABC rather than throught of impulse.

What I learn:
1). Always have a bigger time frame clear count before any trading.
2). Market direction is more important in trading.