DAX has been heavily overbought recently, bumped into a significant zone with a steep impulse move on the daily and the weekly. Such a quick move up should be, sooner or later, followed by a correction.
On the close below the last north impulse on H4, marked as short trigger, the correction sets in. Afterwards, the daily north breakouts below act as targets of the correction.
Be ready and size your trades, because it can turn any time north again.
Trade safe! ⚪️⚫️
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ANYWAY, a lot of Qs about the direction of the price. But it doesn't matter.
WE JUST REACT!
Remember that trading is a business.
SIZE your TRADES according to your risk aversion!
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On the close below the last north impulse on H4, marked as short trigger, the correction sets in. Afterwards, the daily north breakouts below act as targets of the correction.
Be ready and size your trades, because it can turn any time north again.
Trade safe! ⚪️⚫️
--------------------------------------------------------------------------------
ANYWAY, a lot of Qs about the direction of the price. But it doesn't matter.
WE JUST REACT!
Remember that trading is a business.
SIZE your TRADES according to your risk aversion!
----------------------------------------------------------