This is not the time to short. There are only two options here, long or stand aside. Shorting is like jumping of a tall cliff, hoping the water is deep enough. I don't know how deep the water is below 9000.
pantheo
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Hey Vlad, thank you for your comment, i really appreciate your view. Thing is, I can't do either of them! I rarely buy 3rd visit on a demand zone and almost never the 4th and the 5th. In my view this is an 11month H&S toping pattern that price breaching neck line. Target is around 7,750 area. It fits my RR criteria, my trading plan, so I'm short. Maybe it will reverse, who knows what will happen tomorrow, I surely not. It's all about RR and TF's. It's starting to become famous today and this is always suspicious. Bear in mind, that market breadth is deteriorating since the close of third week of September. Fist small caps, then spill to large ones, hence I'm short indexes since then on and off. DAX is behaving more or less like Russell 2000. Where it is now, is a minor demand zone, actually. If its a false break, lot of money to the upside, as shorts like mine will be trapped. We see. All my very best to you and yours my friend. P.