HenrikKonnerup

DAX short opportunity, with great P/L ratio

Short
TVC:DEU40   GERMAN STOCK INDEX (DAX)
I see a Fibonacci retracement that has just taken place, and based on the Fibonacci extension I have set my target.
We are in a down trend, and the indicators are also pointing down/negative/short.
Open at 10.515, target 10.196 and stop at 10.603.
Fibs are made on 5 min. interval.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.