Easy Trading Setup For The Dax (GER30)- Double Top
Hi Traders,
Looking at the DAX today.
On the 4-Hour, we see a nice double op that has formed.
The two tops are wicks which shows strong sell movement.
The two wicks are also a lower low in terms of the 4-hour trend.
We also have partial divergence across the histogram of the MACD.
Buyers are weakening.
We have broken below the neck zone and then entered upon a retrace into the neck zone.
My target is previous support around the 12823 price point.
Trade safe out there!
The Vortex Trader
Looking at the DAX today.
On the 4-Hour, we see a nice double op that has formed.
The two tops are wicks which shows strong sell movement.
The two wicks are also a lower low in terms of the 4-hour trend.
We also have partial divergence across the histogram of the MACD.
Buyers are weakening.
We have broken below the neck zone and then entered upon a retrace into the neck zone.
My target is previous support around the 12823 price point.
Trade safe out there!
The Vortex Trader