Short term call. Looking for an upside down head and shoulders pattern that rhymes with the Three Drivers Pattern already on the chart. Need a price rise to near 710 over next few weeks or one of my fractals / projections is broken. updates: 5/27 if break below 550, support is 473..., 5/30 right up under the trendline @ 629., 6/1 price poked through 683 and the...
I've never used the 3-drivers charting tool before so I'm not sure about this last plot in August of 2014.
Edit:
Corrected once I learned the purpose of the tool - not a perfect fit, but it is at least contained within the price action:
This pair, being quite the mirror image of AUDCHF, has staged an impressive correction worthy of an impulse move. So, going short now, kind of feels like fighting the trend and it may not be easy. The AUD has been oversold in the recent hours and is quite likely to start a recovery in its momentum cycle. I find its relative strength neutral, not weak yet, no...
This concept is still in backtesting fase but I'm doing this on a live micro account ;) small btw. The idea is simple.Trade the end of the week session. This setup was an ideal setup because last fridays session didn't managed to break 1.6837 major structure support and close below it. Expecting a correction move to at least 1.6912 if not for a new fresh high....
Index Arbitrage Forecast: Deutsche Bank will outperform DAX
Supporting Strategies: Cointegration, Correlation and Technical
Analysis Pattern : Tree Drivers Pattern
The trade should be opposite to the "gap". DAX has performed better than DB, in order to close the gap Deutsche Bank will now perform better in the next 173 days.
Targets and notes on charts. How to...
