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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.

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

 

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