Short
DAX40 Short
Disclaimer: This is not financial advice. The information presented is only an opinion and should not be considered as investment guidance. Do your own research and consult a financial professional before making any trading decisions.
Trade Details:
Instrument: DAX40
Position: Short
Entry: Between 15860 - 16050
Stop Loss (SL): 16416 (2 x Daily ATR of 183 = 16050 + 366 )
Target Levels:
Target 1 (T1): 0.382 Fibonacci retracement level
Target 2 (T2): 0.618 Fibonacci retracement level
Target 3 (T3): 1.0 Fibonacci retracement level
Target 4 (T4): 1.272 Fibonacci extension level
Target 5 (T5): 1.618 Fibonacci extension level
Please note that this trade idea is based on technical analysis and current market conditions. Market conditions can change rapidly, and it is essential to keep an eye on any fundamental news or events that may impact the stock price. Always adhere to proper risk management and use appropriate position sizing.
Trade Details:
Instrument: DAX40
Position: Short
Entry: Between 15860 - 16050
Stop Loss (SL): 16416 (2 x Daily ATR of 183 = 16050 + 366 )
Target Levels:
Target 1 (T1): 0.382 Fibonacci retracement level
Target 2 (T2): 0.618 Fibonacci retracement level
Target 3 (T3): 1.0 Fibonacci retracement level
Target 4 (T4): 1.272 Fibonacci extension level
Target 5 (T5): 1.618 Fibonacci extension level
Please note that this trade idea is based on technical analysis and current market conditions. Market conditions can change rapidly, and it is essential to keep an eye on any fundamental news or events that may impact the stock price. Always adhere to proper risk management and use appropriate position sizing.
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.