DAX // Possible start of the Countertrend

5 days ago

The daily trend still holds at all-time highs and beyond every measurable target, but H4 has already turned south.

The last clear breakout is on H1 at the countertrend line break, and the market crossed it by a couple of pips.

Not significant, but still a close below the trigger level.

The position should be closely watched at the daily impulse base.

Either to close the trade, or to add to it.

———

We may not know what will happen, but we can prepare ourselves to respond effectively to whatever unfolds.

Stay grounded, stay present.🏄🏼‍♂️

Your comments and support are appreciated! 👊🏼

5 days ago

Note

Trigger on M15.

4 days ago

Note

The targets are not valid at the moment.

Because now the market gives us another countertrend after reaching the H1 target zone.

If this H1 long countertrend is turning below the H4 impulse base, the market is ready to visit the correction fibo 23.6 level.

But remember - the daily impulse base shows still long, so this market phase is tricky!

2 days ago

Trade closed: target reached