DAX - QUITE HIGH PROBABILITY SHORT TERM FOR ANOTHER LEG DOWN

DAX 4H chart, although the "trend" measured with MA20 on the 4H chart is pointing north, I'd say the probability for the sell off yesterday to continue today/monday is quite high. In other words, expecting a 1-2-3 move lower.

Why is a good question, since the other events (marked with a blue-ish arrow) was all BTFD. I have no good arguments for "why" besides I do not like that price action pattern and gut feeling says so..

GL and remember to use stops!

Comment:

Some f'**er/s keep accumulate @ ~10630, same thing yesterday. Could drop fast if that level gives in.