Intraday Market Thoughts

Riding the Inverted H&S into the Weekend

by Ashraf Laidi
Aug 30, 2019 14:53

Some subscribers complained that Tuesday's Premium trade in the DAX30 was issued too early in the morning (many did not hear the SMS, see the email, Tweet or Telegram notification), but the market did pull back for at least 2-3 hrs to get everyone (at every timezone) at the stated price range. The trade is currently about +300-pts in the green. We'll risk sticking to the trade into the weekend, while cautioning in favour of taking partial profits ahead of today's close and keep 1/2 or 1/3 of the trade, depending on your positioning/sizing. As in all Premium trades, technical and fundamental rationale is laid out below in English and Arabic.

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Riding the Inverted H&S into the Weekend - Premium Snapshot Dax Aug 27 2019 (Chart 1)


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