Technical Analysis

DAX 30: Who has the patience to get stuck in a 3-month trade?


Making a comparison between the price average of DAX 30 in July (three months back) and the current prices shows that the index has slumped 1400 pips approximately.

July Chart 

October Chart 

In, we have caught the bearish classical H&S pattern over a weekly basis even before completing the left shoulder and breaching the upside trend-line where we added a question mark on the areas of the left shoulder.

Although we are witnessing continuous updates every day for technical analysis science, the classical school remains very strong!

The question now is; as a trader do you have the patience to wait for 3 months or more in just one trade?

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