TheSignalyst

DAX - Wait For The Break!

Short
CURRENCYCOM:DE30   DAX 30
Hello everyone, if you like the idea, do not forget to support with a like and follow.

DAX is sitting around a strong supply zone and round number 14000.0 so we will be looking for sell setups on lower timeframes.

on H4: DAX formed a valid channel in red but it is not ready to sell yet. We want the sellers to prove to us that they are taking over by breaking below the last swing low!

Trigger: Waiting for a momentum candle close below the gray area to sell. And for extra confirmation, wait for a momentum candle close below the 13600.0 to sell (which would be the neckline of the head and shoulders pattern from H1)

Until the sell is activated, this one would be overall bullish and can still trade higher and higher!

As price approaches our lower blue support, we will be looking for buy setups.

Good luck!
This analysis is done using RichTL indicator
http://www.RichTL.com

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Comments

I like it thank you bro
+2 Reply
TheSignalyst ahmadawada
@ahmadawada thank you Ahmas
Reply
nice. keep it continued
+1 Reply
TheSignalyst AdamEiseman
@AdamEiseman thank you Adam
Reply
could this break?
+1 Reply
@abjohnad, everything is possible, always follow the rules!
Reply
breaking it soon🤑
+1 Reply
TheSignalyst Investroyllc
Reply
good pattern
+1 Reply
TheSignalyst Yuriy_Bishko
@Yuriy_Bishko thank you mate
Reply
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