There's a nice short setup with defined and low risk in the Dax here. You can trade it with futures or CFDs, the stop is tight, you could use a stop over 12933 here for instance.
The recent daily uptrend signal that triggered 3 weeks ago ran out of time, and now we had a bearish reaction to resistance. Sentiment is getting out of hand, and there are very extreme things happening with euphoria from retail...FOMC might be a catalyst for a top for a while.
Cheers,
Ivan Labrie.
The recent daily uptrend signal that triggered 3 weeks ago ran out of time, and now we had a bearish reaction to resistance. Sentiment is getting out of hand, and there are very extreme things happening with euphoria from retail...FOMC might be a catalyst for a top for a while.
Cheers,
Ivan Labrie.
Note
So far so good...Trade closed manually
Looks like it can rally again, maybe even breaching ATH.
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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.