DAX - END OF THE RALLY ?
Second tentative for a swing short on the german index
WIll look at increasing position with a daily close below 15600
The transition from an uptrend to a downtrend takes usually some times, will look at compouding/building the position between 16000 & 16200 if given
On a more fundamental note, market participants seem seducted by the FED pivot narrative, which I think is a mistake. I don't think FED will not cut rates this year.
WIll look at increasing position with a daily close below 15600
The transition from an uptrend to a downtrend takes usually some times, will look at compouding/building the position between 16000 & 16200 if given
On a more fundamental note, market participants seem seducted by the FED pivot narrative, which I think is a mistake. I don't think FED will not cut rates this year.
Note
went close to the SL, added a few lots to the position. SL placement was good, keeping it here for now.
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Now in good proftis - will add to the position if we flipp 15600 on a daily basisNote
Did not get stopped on the wick as I always stop on a close basisStill running
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Added to the positionNote
taking 70% off hereNote
and stopped :)
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