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DAX Channel Up and Inverse Head & Shoulders pushing for Gap fill
DAX rebounded at the bottom of the Channel Up, forming Support (1) at 15625.
By doing so it completed the formation of an Inverse Head and Shoulders.
This is a twin bullish signal same with the March bottom.
Trading Plan:
1. Buy on the current market price.
2. Sell if it crosses Support 1 (15625).
Targets:
1. 16340 (Resistance 1 and Gap fill as per the March fractal).
2. 15250 (bottom of long term Channel Up).
Tips:
1. The RSI (4h) is also forming a Channel Up like March indicating that we might be exactly before the breakout to the gap fill.
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Notes:
Past trading plan:
By doing so it completed the formation of an Inverse Head and Shoulders.
This is a twin bullish signal same with the March bottom.
Trading Plan:
1. Buy on the current market price.
2. Sell if it crosses Support 1 (15625).
Targets:
1. 16340 (Resistance 1 and Gap fill as per the March fractal).
2. 15250 (bottom of long term Channel Up).
Tips:
1. The RSI (4h) is also forming a Channel Up like March indicating that we might be exactly before the breakout to the gap fill.
Please like, follow and comment!!
Notes:
Past trading plan:
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