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SHORT DAX towards missed daily and weekly pivots
DAX Index
Short
SHORT DAX towards missed daily and weekly pivots
By FXPhantom
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Dec 3, 2014
3
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1
Dec 3, 2014
1. Obvious divergence present (momentum/price)
2. Sideways movement
3. missed daily and weekly pivots below the current level
Go short on break of horizontal resistance at 9895
Target: 9690 (38.2 Fib retracement, half a way to the missed weekly pivot)
SL: 10050 - above the recent high
DAX Index
Divergence
FXPhantom
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