Dax Sell Idea
D1 - Potential double wave down, price has room lower towards the critical level.
H4 - Special cycle completed, currently a retrace is happening, double wave up price has reached a critical zone formed by the 100 fibo expansion level and 61.8 fibo retrace level.
Potential bearish divergence. Until this level holds we may look for bearish setups with bearish evidences in order to join the bears.Price
H1 - Price has reached a critical level formed by the fibo levels of the cycle. This critical level coincides with the H4 critical zone. Bearish divergence.
Invalidation: If the price breaks and holds above the H4 critical zone then this sell setup will be invalidated (false breaks can be neglected).
H4 - Special cycle completed, currently a retrace is happening, double wave up price has reached a critical zone formed by the 100 fibo expansion level and 61.8 fibo retrace level.
Potential bearish divergence. Until this level holds we may look for bearish setups with bearish evidences in order to join the bears.Price
H1 - Price has reached a critical level formed by the fibo levels of the cycle. This critical level coincides with the H4 critical zone. Bearish divergence.
Invalidation: If the price breaks and holds above the H4 critical zone then this sell setup will be invalidated (false breaks can be neglected).
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