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BillionaireForexTrading

Possible short opportunity on DAX

Short
DAX Index (XETR:DAX)  
BillionaireForexTrading Updated   
XETR:DAX   DAX Index
Trend Analysis Chart Patterns Wave Analysis
9
5
trendanalysis chartpattern waveanalysis
As we can see on the chart the price is approaching a strong weekly resistance (the red horizontal line), the 55 stochastic is telling us the price need to retrace a bit before decide what direction it will take. Wait for the fake breakout of the resistance (13488,51) then entry short direction.

SL: 13598,59
TP: 12777,04

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