Dax Short 4HGood Day, Trading View friends!
I'm excited to share my latest trading insights with you. This setup is all about those trusty Fibonacci and psychological levels. Right now, the DAX is testing a 4-hour midline, and we’re typically seeing a pullback at this point. If the DAX can hold 21,500 and 21,550 as a demand area, based on our earlier 4-hour wave, we're aiming for the next level at 21,965 to 22,000.
I’m on the lookout for a rejection near 22,000, followed by an M pattern with a lower high on the second peak for that perfect entry confirmation.
Also, be cautious today as we have the FOMC meeting. Make sure to factor that into your strategies!
Feel free to check out my previous setups to get a feel for how I approach things. I can’t wait to hear what you think and keep the conversation going!
