DAX Index (H4) Analysis
📉 Overview:
Analyzing the DAX index on the H4 timeframe, we observe significant resistance in the range of 17000 - 17100. The price has formed a descending structure, creating lower highs and lower lows.
📊 Key Observations:
Resistance Zone: Strong resistance is evident around 17000 - 17100, where the price encountered notable selling pressure.
Descending Structure: The price has been forming a descending structure, indicating a potential downtrend.
📈 Sell Plan:
Sell Zone: Plan to initiate a sell position in the range of 16900 - 17000.
Stop Loss: Place a stop loss at 17150 to mitigate potential losses.
Target Price: Set the target price at 16700, anticipating a continuation of the downtrend.
👀 Further Considerations:
Confirmation Indicators: Use technical indicators or price action confirmation to validate the selling decision.
Market Conditions: Stay informed about broader market conditions and relevant news that may impact the DAX.
🛑 Risk Management:
Risk/Reward Ratio: Maintain a balanced risk/reward ratio to ensure prudent risk management.
🚀 Summary:
Given the resistance at 17000 - 17100 and the descending structure, executing a sell plan in the range of 16900 - 17000 with a stop loss at 17150 and a target of 16700 seems like a well-considered strategy. Always monitor for confirmation signals and stay attentive to market developments. #DAXAnalysis #SellStrategy #StockMarket