DAX Index
Short
Updated

DAX SHORT possible reversal area.

412
I can see a death cross forming on DAX. Expecting decline at least to the 15K support, maybe lower. Enter on entry line after clear rejection candle (bearish engulfing p., shooting star) on 4H chart, not sooner. When entry conditions are met I´m going to update this idea. If you are following me, you get the message. To enter now is much more riskier and we would have bad RR ratio. TP lines are also very strong pullback areas, don´t hesitate to TP your position partially. Never let your profit to disappear. After first TP move your SL to BE and let your position run. Trail it down or TP fix 25% at second TP line. This is not a financial advice. Wish you good luck.
Note
ENTER NOW at current market price 15277.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.