Short

DAX is making a rising wedge, nice short opportunity

Updated

It will go up towards the 12440, to retest the break out price of the wedge. That we be a perfect opportunity to go short. With a stop around the high of the day, target around 12.000

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The first ones are in at 1420, going to add untill the 12440

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Second and last are in at 12432,

The 3 green area's is where i will close my position in 3 parts. The top red area is my stop

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If it drops below the 12380, i will move my stop to 12440 for a (almost) free trade

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Went through my stop but i jumped back in again at 12490 with, i did not expect it to get this high again, but it does not change the picture that much

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Posted a new analysis

Dax reached target zone,now up towards 12800 before next crash

botje11

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