VasilyPonomarev
Short

DAX Index: How to Sell Wisely???

XETR:DAX   DAX Index

Dax index set a lower high today on 4H.
now the price on its way to 12160 - 12200 support cluster.

let's see the reaction of the market to that level.
bearish breakout (4H candle close below) of support will be a perfect trigger for us to short the market.

you can sell aggressively or on retest.

Target levels:
11914
11623

Stop:
12450
(if the market sets a new lower high again, you can adjust your stop to it)

in case of a bullish breakout of 12430, setup will be invalid.
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Comments

11925 would be nice, 11600 area possible but we wil see soon this week
Reply
@HorstForex, thank you for comment!
Reply
Thanks Vasily i think it will bounce from 12160 its a really good buy zone, similar to 3075 on SNP 500
Reply
VasilyPonomarev d_brennan_UCFX
@d_brennan_UCFX , you are welcome my friend!
Reply
Will it break?
what do you think?
Reply
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