Analysis on #DAX
The GER40 forms an old classic setup, a support level become a resistance near downtrend resistance level as well, and guess where it completes, near a very strong psychological number 15000.
Trading Plan:
>> So I predict the market will turn bearish from this zone and If the Dax completes the pattern and came to my structure resistance zone, I will then wait for the market to turn bearish on the lower time frame and the entry a very good short setup if the rules for entry are met.
⚡ Be aware due to the global tension we currently live In, markets are not following or respecting chart patterns and technical analysis.
________________________________________
💭 | Comment your thoughts below, I always answer.
📥 | Feel free to message me if you have any questions.
Thanks for your continued support!
The GER40 forms an old classic setup, a support level become a resistance near downtrend resistance level as well, and guess where it completes, near a very strong psychological number 15000.
Trading Plan:
>> So I predict the market will turn bearish from this zone and If the Dax completes the pattern and came to my structure resistance zone, I will then wait for the market to turn bearish on the lower time frame and the entry a very good short setup if the rules for entry are met.
⚡ Be aware due to the global tension we currently live In, markets are not following or respecting chart patterns and technical analysis.
________________________________________
💭 | Comment your thoughts below, I always answer.
📥 | Feel free to message me if you have any questions.
Thanks for your continued support!
