ProjectSyndicate
Long

DAX D1: Setting up for 15%+ correction(SL/TP)(NEW)

XETR:DAX   DAX Index
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DAX D1: Setting up for 15%+ correction(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as LONG because short-term I expect
mild gains / trigger overhead liquidity
before reversal (BEARS).

🔸 Summary and potential trade setup
::: DAX daily chart review and outlook
::: V-shape recovery almost complete now
::: EU GDP massive downer recently 10%+ Qoq
::: New wave of global lockdowns
::: Spain corona cases rising fast
::: Economy is in bad shape
::: 13 400 - 13 500 heavy overhead liquidity
::: GAP is getting filled and then we are getting
::: a 10-15% correction in August/September 2020
::: up to 30% correction next 6/9 months
::: long-tern distribution in progress
::: we are stuck in range for 2 000 days now
::: not a BULLISH sign
::: Seasonality: August/September WORST month for STOCKS
::: Recommended strategy: SHORT IT 13 400 - 13 500
::: SL 5% TP1 15% TP2 +25%
::: SWING trade setup for patient traders
::: do not expect fast/overnight gains
::: good luck traders
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: BULLS
::: Sentiment outlook mid-term: BEARS/REVERSAL
FX/CRYPTO SCANNER/RESULTS/OVERVIEW/TELEGRAM
https://TAPLINK.CC/DARK000SOUL
BEFORE/AFTER ANALYSIS
https://THEPROJECTSYNDICATE.BLOGSPOT.COM/
CHANNEL TA/SIGNALS SL/TP
https://T.ME/THESYNDICATE001
DETAILED SCANNER RESULTS
https://TWITTER.COM/PRSYNDICATE001

Comments

Nice idea
Reply
Great analysis!
Reply
Well why do you have a long indicator?
Reply
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