theselfishtrader

DAX - Testing All-time Highs!

Short
TVC:DEU40   GERMAN STOCK INDEX (DAX)
Price has tested ATH area. This is an area of resistance, and I fuly expect a reaction at these prices.
Due to RR, I will favour a move to the downside, but will be cautious with entry in order to not get caught out with a break out.

*Weekly chart used for illustration only NOT entries

Supporintg criteria:
RSI overbought
ADX approaching overbought levels