Short DAX at 7740

you referring to hourly chart? I hope it's a pennant, for my sake

 

-0.5

Long 3, but ready to reverse if 3rd peak is created

-0.5 Gross 0 so far, last 2 days not good

reversed 3 short

-1.5

Short 3

scaled out 2 + 12

3rd +4

Long 3

 

I was referring to 2 min chart. I have not looked at hourly charts for FDAX.
Just looked at hourly, interesting, upside breakout looks more likely than breakdown.

 

I see a possible bear flag on 2 min chart, not bull IMO.

 

I don't

 

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1532620>

 

Thanks, I never thought to look at one like that with such a deep price spike in the middle,
In your chart, I was looking at the price action following the second peak (hitting your trendline of resistance), and the slope downward in prices after that. Mine never brokeout, your observation was the moneymaker though

 

TY, but I am struggling today

 

hey jss, dax looks like its building up stops overhead. Its looks to be creating a wedge on the 3 month chart.

http://finance.yahoo.com/q/bc?s=^GDAXI&t=3m

 

looks that way Spectre