BoonHooi
Short

DAX30 - The start of a new leg down ?

TVC:DAX   The DAX Index
Inspired to look at the DAX             chart by a friend. I have never traded the DAX             and this could be my first.

Nice resistance levels at 10780/800 since the month of Aug
- again resisted at the beginning of the week with a bearish RSI divergence on the H4
- completed a bearish Butterfly pattern at the resistance zone

Those who are looking to trade this could wait for a retracement uo higher before going short.
Comment: DAX didn't retrace up to the level I was looking at. Still monitoring
Order cancelled: Dropped 300 points !!! I missed this trade because I was stubborn and wanted an entry price of 10780/800. Sometimes it pays to put in a small initial position. Can't catch all of them
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