DAX: PERFECT 2618 TRADE TURNING INTO A POTENTIAL BAT FORMATION

3 thg 10, 2016

Not too much on my Forex watchlist so I took a few minutes to scan through a few other markets just to get the eyes warmed up for today's trading (going off of Charles Warroom Topic of "hitting the trading gym").

Price action on the DAX typically works very well with my style of trading so I love performing analysis & making predictions on it.

What we have is a picture perfect 2618 trade (in pink) that is now setting up a potential Bullish Advanced Bat Formation. For traders who take secondary targets on the 2618 this is a perfect example of when to use that "Stop & Reverse" technique to liquid one position and involved yourself in the next.

Good luck in the markets this week traders as we begin our final stretch of the 2016 trading year.