An extension of Wave 5 ends in the zone 15020-15100 and DAX looks currently overbought, with rallies being sold, as can be seen from headfakes in shorter time frame. A leg down is on the cards and I look to initiate shorts in the prescribed zone.
Trade active
DAX trended upwards in line with the US market frenzy. Still a valid shorting opportunity and I maintain the trade idea and targets. To be monitored.
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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.