Germany 30
Short
Updated

Rising Wedge

88
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
Trade active
First position placed
Note
Below 15,600 I open my second short position

s3.tradingview.com/snapshots/n/NNjnidcn.png
Note
I would prefer right now a close below 600

s3.tradingview.com/snapshots/s/s9tK1KvZ.png
Note
We closed below; I have opened my second position.
Note
First position: +170
Second position: +70

s3.tradingview.com/snapshots/8/8OZhFiQY.png
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

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