Why consider this chart only as "education"? The answer is very simple, at the moment we do not yet know the corrective structure (ABC) levels, but we only know that the nearest support is around 11,000 and Target around 11.500. That said, the potential setup is very simple: Long on wave (B) breakout and stop loss below wave (c). Unfortunately we can not always use this strategy, but in this case, yes! ;)
The most important thing for a Trader is not the setup, but it's Money Management: Volume Size and R/R Ratio. The size depends on your balance, while R/R Ratio is shown on the chart, in this case we have a good ratio (>1:3) ... but this is just an example! NOTE: Each setup can lose no more than 2% of your Capital.
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*** "... your best friend is not the market, but the stop loss!" (C.R.)
@SignalSwiss, in my Opinion, i think more Dax going down dragged by american Markets, i think this setup is more apropriate, but target is a bit ambiguouse as well, but short Dax is what i think, but anyway, hope ur right ;)