The daily time frame triggered a bullish slingshot.
17:13 (GMT+1)
I gotta get going. I will be away from the computer for the rest of the day. I decided to close the rest of my long at 12115.
17:03 (GMT+1)
I'm expecting a price action similar to the January of 2015.
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| h4-d1 charts from 1st of April |
Higher long is closed at 12139.5.
16:23 (GMT+1)
I opened another long and I'm hoping that the dax will reach higher prices today. I'm expecting a tricky movement though, which I might have posted already last week about the similarity of the recent price action with the first weeks of january 2015.
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| m5-m15-h1 |
The higher long is closed at 12106.5. 2R in the pocket.
13:09 (GMT+1)
It looks like it was a good decision to lower my Sl back a little bit and to open another long. We'll see how this is going to work out because we are near to a resistance.
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| m5-m15-h1 charts |
Break even.
10:28 (GMT+1)
Raised my SL to 12065.5. 15 minutes chart offers a bullish slingshot opportunity.
10:21 (GMT+1)
I opened a long position.
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| m5-m15-h4 charts |
The triangle pattern looks like it's gonna fail, at least it has a slight chance. The price action might get tricky again, but I try to hop on this inverse h&s pattern opportunity (not valid yet) and open a long position.
9:15 (GMT+1)
My shorts got stop out at entry points. This is what I pay close attention on the 4 hours chart.
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| h4 chart. Inverse h&s pattern is not valid yet. |
This is the short setup I'm trying to play out. I just missed the scale out level, so now I'm just trying to sit on my hands. I'm still thinking this is part of a correction on the 1 and 4 hours chart (most likely a wave [e] of triangle) and after the patterm is done, I anticipate a break out attempt to reach ATH again.
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| m5-m15-h4 |
On the 1 hour chart this upside movement might be part of a triangle. Last Friday's price action got even trickier then I expected. I'm looking for a gap filling for today.
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