TradingView
ProjectSyndicate
Jul 15, 2020 6:17 PM

DAX H8 update: 10%/20% correction up next(NEW/UPDATE) Short

DAX IndexXETR

Description

â‹…
Why get subbed to to me on Tradingview?

-TOP author on TradingView
-15+ years experience in markets
-Professional chart break downs
-Supply/Demand Zones
-TD9 counts / combo review
-Key S/R levels
-No junk on my charts
-Frequent updates
-Covering FX/crypto/US stocks
-24/7 uptime so constant updates

DAX H8 update: 10%/20% correction up next(NEW/UPDATE)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.


🔸 Summary and potential trade setup
::: DAX 8 hour chart review
::: heavy liquidity overhead 13300-13500 DAX
::: massive open gap will provide BEAR liquidity
::: we are likely already maxed out
::: or got very limited upside from here
::: either way setting up for 10%+ correction
::: 11380 bear liquidity below
::: massive open gap will drag price down
::: when there's GREED there's also PAIN
::: get ready for 10%+ decline in DAX
::: a lot of OPEN GAPS left behind
::: they will get filled soon
::: good luck traders
🔸 Supply/Demand Zones
::: 11 380 fresh demand zone
::: 13300/13500 fresh supply zone
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment: BEARS
::: Sentiment outlook short-term: BEARISH
Comments
AsgharZeinali
â‹…
thanks
BeiLe
â‹…
Is 13300 allowed in? How to set the stop loss? What if I can't get to 13300?
More