What if DAX behaves like last time closing above an ATH.....
In 2013 DAX closed above the old ATH of 8.150 with a weekly candle.
The follwing weekly candle was green....and the following one?
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In 2013 DAX made almost 5% after closing above the old ATH (8.150) within the next 2 weeks....and lost 10% from the new top within the next five weeks!
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The chart shows you what a similar pattern would meen for DAX this time.....
- first 13K (5% above this ATH @ 12.390) within this and the following week (whatch out for a spike)
- followed by 5-6 red weekly candles (-10% from about 13k) down to about 11.640 to 11.440 (horizontal support).....
:::::::::::::
The upcoming weekly candly must be green for such a scenario.....
::::::::::::::::
successful trades!
The follwing weekly candle was green....and the following one?
::::::::::::::::::::
In 2013 DAX made almost 5% after closing above the old ATH (8.150) within the next 2 weeks....and lost 10% from the new top within the next five weeks!
:::::::::::::::::::::
The chart shows you what a similar pattern would meen for DAX this time.....
- first 13K (5% above this ATH @ 12.390) within this and the following week (whatch out for a spike)
- followed by 5-6 red weekly candles (-10% from about 13k) down to about 11.640 to 11.440 (horizontal support).....
:::::::::::::
The upcoming weekly candly must be green for such a scenario.....
::::::::::::::::
successful trades!