TophatPandaMagician

Daimler short opportunity

Short
XETR:DAI   None
Short opportunity between .382 and .5

Sl above the .5

Target 53 for now
Trade active
Comment:
Closed half the position at 54.9 and took some quick profits. Will let the other half run. Sl at entry now. Might open another position on retracement if I see a good opportunity.
Comment:
1m chart, looks good for re-entry between 0.5 and 0.618

Comment:
Again 1m looking good

Comment:
It actually reached 55.42 yesterday after trading times in OTC market, so re-entry point was reached, where i opened another position with SL at entry now
Comment:
Sold half at 54.4. SL for other half at 54.72 now
Comment:
Wave 2 (of the 5) might take on a more complex form.

Trade closed manually:
Will observe now for possible re-entries. Two very good trades so far (i used 25x leverage, making it on average two 40-50% trades)
Comment:
Comment:

Since we didn't get a new low, I had to recount, possibly putting us just now at the end of the 4. It did bounce of the .382 (and vegas wave). I'm not sure the 5 of the C is completely in yet, so we might get another run to the .382 (possibly beyond for a double top at 56.3 - 56.4)

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.