DAX SHORTS IN PLAY

Those short in DAX from the swing at 11980 can keep their positions trailing their stop to entry level and targeting to convert this short term trade in a long term play to align with the Daily Pending reversal at 11830.

Trade closed: target reached:

Our second target of 261.8% Fibonacci was reached today and the market is now retracing higher. Those who took profits on the shorts should now wait for a reversal candle to reinstate short positions