What do we only see for beautiful candles which the Dax has bestowed on us.
Do you notice something? The sales took place directly at the 38 fibonacci line. This is also the zone where the 50 hits the course.
In combination with the excellent reversing candles, a new short trade is emerging here.
We have seen a trend break in recent weeks (deeper low and breakthrough of a prominent .) I explained on my last DAX post that the time has slowly come to position myself.
I stop my stop as the textbook above the reverse candles and wait for what will happen.
If it gets me and I'm stopped out I look out for new reversing candles.
Ahh yes, before I forget it. The 200 was also broken which shows me that this will not be a big obstacle. =)
As always enjoy the way