Thyssenkrupp AG (TKA - DAX) - sell for 5th wave down

25 apr 2020

Thyssenkrupp AG (TKA - DAX) is in downtrend. The 5th wave down shown in chart is in progress. Sell below 5.34 after breaking down that level with stops above 5.75 for new low as target. It is much under-performer to DAX index.

10 mag 2020

Trade chiuso: stop raggiunto

10 mag 2020

Nota

4th wave completed where stops taken out. and then start going down as expected. It calls for new entry.

6 giu 2020

Nota

The structure turned out to be a ABC rather than throught of impulse.

What I learn:
1). Always have a bigger time frame clear count before any trading.
2). Market direction is more important in trading.