If this pending order short trade is triggered at 11658.50, I am very sure the next target will be at 11026. The loss in momentum is visible, one more bearish move below the current candle, and the bearish momentum will be very very strong.
Dear traders,
if you follow my analyses and my social media channels regularly you know that I was talking about two scenarios regarding the DAX30 since the (blue) four was seemed to be completed:
1) We stick to the plan and finish the job without any detour. At this stage I was talking about 12,300 as a milestone - which I finally got. I closed all my long...
There is a SHS formation, if it breaks the support level, 1.target value is 10350 level.
the second target levels is the channel support level which is around 9800-9900.
I post here my 10.300 target at 57 days ago. I will keep my initial plan and lock profits at 10.300 level in DAX. I will begin to ad shorts at this levels.
