TradingView
ThinkingAntsOk
Aug 1, 2019 2:41 PM

Short Trade on DAX by ThinkingAntsOk Short

GERMAN STOCK INDEX (DAX)TVC

Description

4H CHART EXPLANATION:

Price got inside the Descending Trendline again, breaking downwards the Support Zone, and now making a corrective structure facing the Ascending Trendline. If this zone is broke, it will confirm the bearish direction, so we expect a movement towards the Support Zone. In case this zone is broke, then the next target areas are explained on the Daily chart.


MULTI TIMEFRAME ANALYSIS:


-Daily:



-Weekly:


Trade closed: target reached

More