DonaldDuck
Short

Bearish Run GER30

FX:GER30   The DAX Index
138 0 4
I want to illustrate a clear down signal in my opinion.

Lets start with one of the few indicators on the screen, as I will cover them all as we progress.

The first indicator is the SMA 10/40. We see an initial downwards cross, just before wave 1 on the cart, where I have drawn out wave one of five.
This was the start of a 5 section bullish leg.

Following through was the expected 3 legged corrective wave. Illustrated with A,B,C.

My signal to enter short, as we continue onto a second major downward leg, is the point in which the 10 SMA crosses below the 40 SMA .

Combined, the Bollinger Bandwidth width indicator, moving up, providing our indicator of increasing trend strength, via volatility .

As the MacD moves down, the increasing Bollingerband width, tells us momentum is picking up into theis downward move.

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