Good morning, good day, good evening Ladies and Gentlemen,
The chart set is exactly the same I posted yesterday about DAX. ( tradingview.com/v/Ao7acjNo/ ) The reason I post it again is to underline the change:
4 Hrs chart delieverd a reversal HA candle, which was followed by a bearish candle as well. In line with that the daily chart printed a pin bar reversal candle as well. Slow Stochs are turning down on both time frames.
I expect retracement taking place at least to 9400 levels (maybe to 9350). Then we will see what market will do further, how do indicators change.
Strategy: 1. buy April 9400 put 2. or go short outright either at the trend break / low of the reversal candle or if you have a chance and you see a push up attempt in the morning, sell at/above 9600.
Important! Regardless where you sell, place your stops immediately in advance according to your money management and risk tolerance! Never trade without stops!
Comments
Kumowizard
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Retest to/above 9600 happened in early trading. I am in the trade through 9400 Long Put option.