StefanBode

MDAX - Correction Mode

Short
StefanBode Updated   
XETR:MDAX   MDAX Index
3 weeks ago, the MDAX launched a hammer candle as a turnaround signal. This was sold as usual. This first sale could have been wave 1 of (1). Currently, the 2 of the (1) would have to run.
It is now advisable to observe this correction and to find an entry into Short-Plan. StopLoss is 27,370 points in this case. Target is likely to be near the 61.8% retracement at around 22,000 points. From this perspective, there is a risk of 1,000 points and a chance of 4,000 points and thus a CRR of 4 to 1. This is likely to improve in the further run-up in the 2 of the (1).
Trade active:
Nice gain, or? It's not over.
Trade closed: target reached:
The goal was achieved faster than expected. Nice. 2,800 points.
Congratulations to all who participated :-)
Invite me to the party, Jiiieha
Comment:

t.me/stefan_bode_analysen
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