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Possible Short Trade on The DAX Looking for Fibonacci Retracemen

XETR:DAX   DAX Index
Seeing if there is a Fibonacci Retracement at 38.2% on the down side today 10721 has been a pivot point previously for support/resistance .If works out will short.

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Hi Could you share an update on this?
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DAX Closes Trading @ 10606 (10721-10606) 115 Drop to the South side. There is no Magic Indicator in Trading but Fibonacci Retracement and Support and Resistance are pretty good indicators when it comes to placing trades.
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Looking at this point to Trade Short as the trend on the 1 hour chart is on the down side, as most of the indexes are trending down today. Looking at this point as a retracement as previously this has been a pivot point to short trade today.
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Hello sir do you think it's good time to short sir?
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