I spotted an iSHS pattern again. This time in the DAX. I would like to see this triggering tomorrow or the day after.

I expect this high to be the end of wave B, as I already pointed out in my last post. The minimum target for this pattern is 13375, but this would exceed the usual lentgh of a wave B.

Damn, I am so curious how this is going to play out. Will wave B end before the minimum target of this pattern? Or will it turn out to be an impulse wave to new alltime highs? We will find out soon...

I hope you are able to spot theese patterns on your own by now. The only rule you need to know is, that the head must be bigger than the shoulders.

Stay tuned...

If you think this to be useful information:


Feel free to use and share my charts, but please mention me, @ew-and-patterns as the author. Otherwise it is considered plagiarism and I will flag you and advise my friends to do the same.

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. Please conduct your own due diligence, if you plan to copy anyones investment decisions.
If you make any trades or investments 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.

Please consider leaving a comment, like or resteem, if this post entertained you or helped you see things differently...

Have a nice day :-)