DAX - Possible Short (Massive Move)
Updated
- Huge bullish movement from DAX recently, come to a new yearly high and is hugely over exhausted.
- On the 1hr timeframe the SMA's are crossing (bearishly), the 4hr on the MACD the MA is coming out of the volume, lots of strong rejections of the resistance on the 4hr, and market structure indicate a retracement.
- It looks like this could plummet any second, and I have an ambitious TP of 14,000, SL above high and resistance, with a crazy 1:13 RR.
- On the 1hr timeframe the SMA's are crossing (bearishly), the 4hr on the MACD the MA is coming out of the volume, lots of strong rejections of the resistance on the 4hr, and market structure indicate a retracement.
- It looks like this could plummet any second, and I have an ambitious TP of 14,000, SL above high and resistance, with a crazy 1:13 RR.
Trade active
Currently Breakeven, Two extra retests and rejections of resistance, still holding thisTrade closed: stop reached
Stopped out, small loss, big HOT dam DAX is unstoppable atm, gonna look for the sell of tho as its imminentDisclaimer
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