Dax30short
DAX index (DAX) | The best scenario for the fall📝Hello traders, DAX in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
According to the count that has been done. The main waves 1 and 2 in this process of progress are over and now we are in wave 3.
It consists of 3 microwaves 1, 2, 3 and 4 and wave 5 is at the beginning of its motion.
We expect wave 5 to climb to Fibonacci 1.618, which is the ratio of the main wave 3 to the main wave 1, and then wave 4 will start with a complete break of the trend line .
Wave 4 will be deep and long due to wave 2.
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DAX 30 Short Trade Setup The 4 hour is turning up against the 3/16/2020 lows at 8263. The 1-hour right side is up against 12544. While above there, more importantly the 6/15/20 lows the index can can see new highs in the cycle up from the March lows.
Sell Dax30
@13025-13060
TP: 12820
SL: 13150
Good luck !
DAX GER SHort Head and Shoulder Set up! Big oportunity Keep the eyes open for MACD divergence as previous head and left shoulder signal. Once we have a decent bearish candle on the resistance level of the previous shoulder we go short €€€