Impulsive DAX sell off is early sign of trend reversal
Price potentially heading towards 12600 in the future because of major sell off within this bullish structure.
As I always mention, those are scenario's.
Without a stop loss, take profit, risk reward and proper position sizing there's no reason to get it. It's just a market prediction.
In this case, price didn't even got to the price where I want it to be, reject, and then drop off. So it no more then a view, no analysis, no trade setup, always keep that in mind.
So, I see a potential Head and Shoulders pattern forming up on the top of this upward move, with a potential break to the downside.
As I always mention, those are scenario's.
Without a stop loss, take profit, risk reward and proper position sizing there's no reason to get it. It's just a market prediction.
In this case, price didn't even got to the price where I want it to be, reject, and then drop off. So it no more then a view, no analysis, no trade setup, always keep that in mind.
So, I see a potential Head and Shoulders pattern forming up on the top of this upward move, with a potential break to the downside.
