Trade Alert
This is a potential short-term idea, which still needs some confirmation, but could play out.
The index is breaking the short-term upside support line now, but because the 4-hour candle is not finished yet, we will remain careful.
A drop below yesterday's low, near the 11160 hurdle, could indicate that there is a good chance of seeing a further slide.
But if DAX continues to trade above the aforementioned upside support line, then we may see a possible push back up again, at least in the short-run. But for a better confirmation of seeing further upside, we would need to see a break above the 11330 zone.
Always have your stop-loss in place
This is a potential short-term idea, which still needs some confirmation, but could play out.
The index is breaking the short-term upside support line now, but because the 4-hour candle is not finished yet, we will remain careful.
A drop below yesterday's low, near the 11160 hurdle, could indicate that there is a good chance of seeing a further slide.
But if DAX continues to trade above the aforementioned upside support line, then we may see a possible push back up again, at least in the short-run. But for a better confirmation of seeing further upside, we would need to see a break above the 11330 zone.
Always have your stop-loss in place