Inspired to look at the DAX chart by a friend. I have never traded the DAX and this could be my first.
Nice resistance levels at 10780/800 since the month of Aug
- again resisted at the beginning of the week with a bearish RSI divergence on the H4
- completed a bearish Butterfly pattern at the resistance zone
Those who are looking to trade this could wait for a retracement uo higher before going short.
Nice resistance levels at 10780/800 since the month of Aug
- again resisted at the beginning of the week with a bearish RSI divergence on the H4
- completed a bearish Butterfly pattern at the resistance zone
Those who are looking to trade this could wait for a retracement uo higher before going short.
Comment:
DAX didn't retrace up to the level I was looking at. Still monitoring
Order cancelled:
Dropped 300 points !!! I missed this trade because I was stubborn and wanted an entry price of 10780/800. Sometimes it pays to put in a small initial position. Can't catch all of them
