DAX1! trade ideas
dax must go downAC in 4hour is full and ready to turn red,seller pressure coming
gap on 13900 and daily Ema200 in 12900 important targets
these are powerful place you can put order but with sl=40 tp=120
in my idea down trend(correction) still is alive ,if you see daily chart dax can see 12800-12700 trend line ,so be carefull from buy,100% put sl
4hour chart AC show dax little can go down,they upin upside we have 2 open gap on cash xetra dax
in downside we have daily Ema200 and gap
you can put limit order on gap with sl=40 trail stop 40 and buylimit above daily ema200(for hold until min 14400)
monitor AC(or stoch) 30-240min and ema200 15-60-1440min and draw every morning fibo extention in 30min last N shape zigzag ,specialy 100% level
13470 was our target, now 13900 then 14400 is target on friday AC in 4hour chart ,turn red,so many traders start sell , next week dax can go up sharply
fibo extention show 13900 is buyer target , in monday morning we will buy dax(buy gold) but if bad news comes we will buy dax near orange line(ema200 daily) and hold it 2-3 week until 14400-14600
cash xetra dax gap on 13888 is open , our buy targetwith bad corona , germany gdp comes good ,so we looking for buy when AC30min is full red (or stochastic 5-3-3 is under 20)
on fill gap we will sell limit with sl on high or 40
80% note = dax can explode up to 14400,be carefull from sel,put sl on 15min high
20% note2= if ema200 daily 12900 break in down,mean new - trend start