PRO_Indicators

DAX / H2 : 'Dead Cat Bounce' or the time to reinforce shorts

Short
FX:GER30   DAX Index
Our previous analysis showed a positive reaction on the anticipated short reversal zone. Now that the prices have shown reaction on daily we have the usual intraday 'Dead Cat Bounce' pullback move to strenghen short positions and preceed what is probably going to be the beginning of the forthcoming swing move... Awaiting for the final version I added PRO Sinewave (beta) to this chart to complete with a cycle analysis. This one shows that we have a bearish weak cycle at the moment that could easily be broken and could produce a typical range reported target. In this case we would have a probable re-test of the previous gap area. This could be a perfect point to reinforce short positions. Otherwise simply waiting for the prices to break down the current price channel to trigger stop entries.

Hope this idea will inspire some of you ! I'm pretty new to TradingView so I'ld appreciate any like/comment/follow if you feel like it deserve it ;)

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