be alert ... not alarmed ... and have a plan , page-103

Here are a couple examples of previous basing patterns and the current position which may or may not hold.

If we look at previous bottoming patterns on the DAX, they seem to take about 3ish days to complete. The current formation could put us somewhere near Robbbbbbb's 6 Oct date - which would be Tues next week and possibly work hard for the bulls. Break and hold of this area would be good bear gear.

Remember its daylights savings this weekend gang :)

DAX 1 Hr 17th to 19th August Basing Pattern example (IG)



DAX 1 Hr current price action with possible basing pattern & previous basing pattern examples.