Position Trade on DAX - SHORT

We have reached the upward level of the channel , clear bearish candle of today is the start of a downtrend

Zlecenie aktywne:

Bulls do not give up easy.
Still maintaining bearish position as 12500 is not breached.
Rsi showing clear signal of weakens

Komentarz:

12500 is a critical level and if we stay below it look for targets at bottom of the channel , it might take time but remember this is a weekly channel .

Komentarz:

12500 is broken and we are looking now at 12300 as strong support area , if broken 12000 will be the target for this analysis

Komentarz:

Still 12000 level is holding and we are in the middle of bull-bear fight claiming upper hand

Komentarz:

Target one achieved , you may ride to previous bottom 11500

Komentarz:

Approaching end of tunnel , watch out for price action around 12000

Komentarz:

All Shorts exit