since dax ended his correction game, it looks like the up move was of a "correctional" nature to prepare a much bigger sell off.
Areas of interest will be between 10.600 and 10.550
The DAX has shown some weakness and Closed Lower yesterday. It now comes into a Big Resistance level where a lot of zones and trendlines come together.
It is possible we can go a bit higher first. However we have to wait untill confirmation before we go SHORT. The price has to break the 10680 Level to give a clear sign of further correction.
After the break...
Hi all,
Dax gives room for some correction.
Nice Short Set up on the DAX. With good risk to reward ratio!
Short on: 10.545
Stoploss: 10.585
Take profit: 10.335
Long time i think about DAX. I see one Global chanel(RED) and smaller channel (Black). In all channels shall be downward movement.
Every order to open with SL
Have good profit my people!
Trading idea on 1h chart:
Short DAX after the break of support line
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Trading idea: stop sell order at 10.632, risk-reward = 2.0
SL@ 10.742 (-110), TP@ 10.412 (+220)
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- trade based on chart: break under support line + under trending line, prices below 20 EMA (=weakness)
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Disclaimer: There is a very high degree of...
