Short Trade on DAX by ThinkingAntsOk
Updated
4H CHART EXPLANATION:
Price got inside the Descending Trendline again, breaking downwards the Support Zone, and now making a corrective structure facing the Ascending Trendline. If this zone is broke, it will confirm the bearish direction, so we expect a movement towards the Support Zone. In case this zone is broke, then the next target areas are explained on the Daily chart.
MULTI TIMEFRAME ANALYSIS:
-Daily:
-Weekly:
Price got inside the Descending Trendline again, breaking downwards the Support Zone, and now making a corrective structure facing the Ascending Trendline. If this zone is broke, it will confirm the bearish direction, so we expect a movement towards the Support Zone. In case this zone is broke, then the next target areas are explained on the Daily chart.
MULTI TIMEFRAME ANALYSIS:
-Daily:
-Weekly:
Trade closed: target reached
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