Rising Wedge

DAX might form a rising wedge. If the DAX breaks below the violet line this could trigger a sell-off.

If the DAX breaks below the violet line the TP could be around 14,800.
If the DAX breaks above the violet line, this pattern is busted and the rally could take us to 16,200.

I am waiting patiently to see what is going to happen.

Take care

Note

Let's be patient

s3.tradingview.com/snapshots/e/ED6W6ZhU.png

Trade active

First position placed

Note

Below 15,600 I open my second short position

s3.tradingview.com/snapshots/n/NNjnidcn.png

Note

I would prefer right now a close below 600

s3.tradingview.com/snapshots/s/s9tK1KvZ.png

Note

We closed below; I have opened my second position.

Note

First position: +170
Second position: +70

s3.tradingview.com/snapshots/8/8OZhFiQY.png

Note

If we surpas the upper green line, it's a trap.

Note

I am closing my shorts; it seems this is a trap.

Trade closed manually

Chimbarosa

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Chimbarosa