Short

Updated

Rising Wedge

DAX might form a rising wedge. If the DAX breaks below the violet line this could trigger a sell-off.

If the DAX breaks below the violet line the TP could be around 14,800.
If the DAX breaks above the violet line, this pattern is busted and the rally could take us to 16,200.

I am waiting patiently to see what is going to happen.

Take care

Note

Let's be patient

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Trade active

First position placed

Note

Below 15,600 I open my second short position

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Note

I would prefer right now a close below 600

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Note

We closed below; I have opened my second position.

Note

First position: +170
Second position: +70

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Note

If we surpas the upper green line, it's a trap.

Note

I am closing my shorts; it seems this is a trap.

Trade closed manually

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.