DAX - Head and Shoulders top

DAY TRADE - EXPIRES AT 9PM

Trade Idea

Trading within a Corrective Channel formation.
Bespoke resistance is located at 12300.
There is scope for mild buying at the open but gains should be limited.
Broken out of the Head and Shoulders formation to the downside.
Preferred trade is to sell into rallies.
Expect trading to remain mixed and volatile.

We look to Sell at 12300
Stop: 12360
Target 1: 12135
Target 2: 12360

Comment:

Triggered! Short at 12300