Farendo

DAX Short 4 hour overview

Short
XETR:DAX   DAX Index
Apart from economics & geopolitics..
The trend is downward. My first thoughts are that the trend remains between the red line A and B. This is the ''most aggressive'' down trend I'm on right now. Inside you can see small support lines where the price could bounce (nr 1,2,3,4,5). The volume at the support areas can therefore increase. Also pay attention to hammers, double confirmations, etc. The price can then rise to the orange areas (S1,S2,S3). These are good points to reconsider (extra) short positions. Here too, volume and candle formations can provide additional confirmation. Between the red line b - c the price decreases downwards in strength but remains downwards within the bandwidth.
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