DAX H16: BEST Level to SHORT IT +1000/+1500 points(SL/TP)(UPDATED) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup ::: DAX 16hour/candle chart review ::: bearish fractal in progress now ::: setup still valid as of today ::: new wave of global lockdowns ::: upside limited from here ::: short-term limited upside ::: HOWEVER heavy resistance overhead ::: 13 400 strong resistance ::: get ready to SHORT from overhead ::: BEARS will take over soon ::: lower risk setup is SHORT ::: get ready to SHORT HIGH later ::: once we hit resistance at 13 400 ::: TP BEARS TP1 +1000 points TP2 +1500 points ::: SHORT/HOLD setup with great risk:reward ::: BEARS TP FINAL is 11 800 ::: recommend to SHORT/HOLD ::: recommended strategy: SHORT/HOLD ::: 13 400 reversal level to SHORT IT ::: SWING trade setup do not expect ::: fast/miracle overnights gains here ::: good luck traders 🔸 Supply/Demand Zones ::: 11 800 fresh demand zone ::: 13 600 fresh supply zone 🔸 Other noteworthy technicals/fundies ::: TD9 /Combo update: N/A ::: Sentiment short-term: BEARS ::: Sentiment outlook mid-term: BEARS