Hello traders.
DAX has some big potential for downside. As I can see the correction is an expanding flat in 1D timeframe. It can still keep going up because we don't have any divergence in 1H in up impulse. But, when it completes the C wave, it will go down. Of course, there are some other options, so down move can be a correction instead of an impulse. The idea here is to take the trade, move the stop-loss, and let it show its potential.
DAX has some big potential for downside. As I can see the correction is an expanding flat in 1D timeframe. It can still keep going up because we don't have any divergence in 1H in up impulse. But, when it completes the C wave, it will go down. Of course, there are some other options, so down move can be a correction instead of an impulse. The idea here is to take the trade, move the stop-loss, and let it show its potential.
Order cancelled:
It broke the previous top. I'm waiting for a breakout and correction. Then I will put an entry order once more.
Comment:
The momentum of upside is diying out. Wait for a correction above the trendline or after breakout and sell it.
Comment:
Wait for a correction before taking any short trade.