Short

DAX short trade in response to growing risk aversion

By DrChristophCanne

Updated

Setup as follows:
DAX short on a daily close below 14.800
Stop level (as of now): 15.300

Trade active

Here we are. trade activated after 6 months of waiting - in this long period a classical SHS formation unfolded.
Short entry with today's close. You may also leave a portion for a stop stell entry below this day's low (14.614).

Stop loss: 15550
Target: height target of the SHS-formation: 16.300 - 14.800 = 1.500 pts
=> Target: 14.800 - 1.500 = 13.300 pts

Trade closed: target reached

Closed for a gain of ~ 3 R.

DrChristophCanne

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.