In my last Post I told you about the possibility of a big iSHS happening in the DAX. The momentum is decreasing, so it seems very plausible right now:

For those of you that don't know it, a bullish SHS is called inverted Shoulder-Head-Shoulder pattern (iSHS). It is a normal SHS turned 180°, thus pointing upwards once the Neckline is breached significantly.

The 13,000 mark was not a big issue. This was very surprising for many traders and investors, but not for Elliotticians.

If you think this to be useful information:

DISCLAIMER: I provide trading ideas using EW and Pattern analysis. The material in this post does not constitute any trading advice whatsoever. This is just the way I see the charts and what my trading ideas are. The author of this post is holding positions in this market at the time of this post.
If you make any trades after reading this post it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.

Tell me what you think...

Have a nice day :-)