The DAX index has formed a classic double top on the daily and 4-hour charts, signaling a potential reversal.
Setup Details:
Entry: Short position opened now.
Stop Loss: Slightly above the standard resistance zone to avoid stop hunting.
Risk-to-Reward: Great 1:4+ ratio, making this setup attractive.
Why This Setup?
The pattern is clear and aligns across multiple timeframes.
Strong resistance zone held twice, confirming the double top.
Stop and target are strategically placed for a disciplined approach.
Good luck to everyone!
Setup Details:
Entry: Short position opened now.
Stop Loss: Slightly above the standard resistance zone to avoid stop hunting.
Risk-to-Reward: Great 1:4+ ratio, making this setup attractive.
Why This Setup?
The pattern is clear and aligns across multiple timeframes.
Strong resistance zone held twice, confirming the double top.
Stop and target are strategically placed for a disciplined approach.
Good luck to everyone!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.