Trusting Inv H&S Formation Beyond the Weekend

by Ashraf Laidi
Sep 2, 2019 20:21

Some subscribers complained that last Tuesday's Premium trade (Aug 27) shorting 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 decided to risk sticking to the trade into the weekend, while cautioning in favour of taking partial profits before Friday's s close and keep 1/2 or 1/3 of the trade, depending on your positioning/sizing. As in all other Premium trades, there is technical and fundamental rationale laid out below in English and Arabic.

Click To Enlarge
Click To Enlarge
Trusting Inv H&S Formation Beyond the Weekend - Premium Snapshot Dax Aug 27 2019 (Chart 1)

 

More Hot-Charts

  • GBP-USD Yield Spreads Chart

    GBP-USD Yield Spreads

    Oct 16, 2019 15:08 | by Ashraf Laidi
    As GBP becomes the 2nd highest performing currency in the G10 since the start of the year, posting daily gains not seen in 10 years, here is a look at the current yields situation, with GBP...
  • DAX Metamorphosis Chart

    DAX Metamorphosis

    Jul 30, 2019 18:17 | by Ashraf Laidi
    The Daily DAX30 chart below may appear confusing at first, but it's worth taking some time to find the “clarity”.
Hot-Chart Archives
Comments (Showing latest 0 of 0) View All Comments