TradingView
WirmachenTrader
Feb 15, 2016 11:56 AM

GERMAN DAX STRUCTURE SHORT: HIGH RISK TO REWARD Short

DAX index of German listed sharesFXCM

Description

The DAX comes right back into the previous support zone which now should act as resistance. We got a 50% Retracement from the swing high and a 1.414 Fibonacci Inversion lining up perfectly at the outlined area. The RSI also shows that we are heavily overbought.

Good luck! Give me a Like if you want to see more of this.

More