chris_bailey

DAX Pitchfork Idea - Downside Move (SMARSI Sell Signal Too)

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FX:GER30   DAX index
Regular Andrew's pitchfork with a clean A-line and the Upper Median Line Parallel (UMLH) is holding up at the moment, so if we continue to see price peel away from here, we could see some downside.
Of course, if the UMLH is broken and price continues to make higher highs, then his idea can be discarded.

This entire idea is actually a contrarian idea, which I don't often subscribe too, but the lines fell into place easily and sometimes that speaks volumes.

Crypto analyst and trader

I was asked to share my PiNetwork profile to help people join if they want to, so here it is: minepi.com/daxtrader
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