Renkotrade
Short

DAX 1HR SHORT

TVC:DEU30   DAX Index
Hello to all watching my charts.

Dax now is in a consolidation mode.

I prefer at the moment the lower side
with a 60 to 40 percentage.

The reason i have no fine feeling for staying long is
that we see lower lows and lower highs.

I tried to marked it whit the red lines.

In classic charting thats a downtrend.

But after the strong rally from 11640 to the level 12100

we must be carefull to indicate that directly as short-

Maybe as i told you above its only a consolidation

Break 12050 as another lower low would be a short confirmation

I think no position here at the moment is the best position in my oppionion.

If you had been on the long side take the money and go.

Good trades

Renkotrade

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