TAFA94
Long

Possible LONG positions on the daily DAX.

INDEX:DAX   DAX Stock Index
We have two possible long positions on the INDEX:DAX             .
1. If price touches the first blue area, check if there is divergence on either MACD or stoch. At the moment we can see MACD diverging from the price. If step 1 is fulfilled, continue.

2. If step is 1 fulfilled, we want to see either a double bottom or w/m pattern forming on 4H or 1H. Will demonstrate those patterns when the time comes. If step 2 is fulfilled, continue.

3. TP/SL will be set when necessary price action takes place in those areas. We will always wait for pullback no matter what. No pullback, no trade. If step 3 is fulfilled, continue.

4. Long when PRICE makes higher high. If it doesn't and instead makes lower low, abort this potential LONG and look for the next blue area.

Possible reversal near following dates: 15 des , 19 des , 24 des , 11, des
Comment: The reason as to why I wanted to disregard this chart, was because I couldn't zoom in to Shorter timeframe. But since i've been asked to update this chart, why not. Price respected the first blue Level.

SHORT POSITIONS ON DAX SPECIAL.
Jesus christ..wrong chart. Disregard this one.
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