what a crazy day today. After offical dayclose of the DAX, we saw a big pump. Again the US - pumpers forced this fast move up. Many are talking about manipulation. Okay, Markets are in a manipulated bubble since months. Just cheap FED money brought markets to these highs. In my last TA, I showed the bigger Picture, expecting a big fall of all markets
But, lets take a look on the lower timeframe.
As you can see, we might be on the way to build a nice ( not perfect, ok) H & S.
The blue lines show the baseline of the H&S and the tops of both shoulders. They are absolutly parallel. So this H & S could be possible. Futures just opened, if we see the price not moving higher from here, the right shoulder could form.
But, lets see, Bulls should be careful after the crazy move few hrs. ago.
As always, no trading advice, just educational. Trade safe and trade on your own risk.
A Like and Follow makes me happy.
Yours Sascha
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not bad until now
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target is near. but I think not today
thanks to all Followers
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Uhh yes, target reached, nearly perfect.
Thanks to all my Followers, Interested and Friends here.
Yes, I am happy, that this TA worked nearly perfect, but but but
not nice, that the News of Corona Virus and other more bad news made this TA possible.
All outside, stay safe, healthy and always be fair.