As we see on this 1 H chart DAX showing clear signs of weakness! As the news came out of the USA, markets immediately turned around. I saw this move coming, as I spotted tone of bearish divergence since last week already.
I am entering a short now. I see this triangle formation to play out in the next 14 days.
RSI and MacD giving also nice short signals.
Let's see...
Happy and safe trading!
*This is not financial advice, this is only an idea. Do your own research and act on your responsibility.
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.