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TheYangGuizi
Jul 31, 2016 8:27 PM

Dax short potential Short

DAX index of German listed sharesFXCM

Description

Reached day-before-brexit-level.
Bearish divergence.
Sideways movement after price advances = distribution

So, taking a short position in upper range of the consolidation (marked gray) wouldn't be too shitty imo.

A move upwards towards towards 430/470-ish first also possible. I think down is more likely in the near future though.

Also, most of my trading is scalping intraday, my longer term (which is like over 30 min for me, lol) calls are usually a bit less accurate. So keep that in mind.

Comment

2

Didn't see that pop coming lol
Worked out ok anyway:
imgur.com/a/GcctO

Still bearish, but will mainly just do small scalps until direction gets a bit more clear.

Comment

3

... And everything went better than expected again
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