AB=CD pattern (bearish)
Bearish divergence (PPO)
Down gap price action
Diminishing trend momentum
==> good short trade opportunity
Adapt stopp loss according to price action.
Bearish divergence (PPO)
Down gap price action
Diminishing trend momentum
==> good short trade opportunity
Adapt stopp loss according to price action.
Trade closed manually:
This trade had to be open until target was reached in the post-market trading hours. Contrary to my expectations, DAX performed well over the day, but didn't break the resistance. Only I gained a small profit, which I regard a waste of time in that shaky markets yesterday.