Germany 40Updated DAX Day Chart - At a deciding point, long now or short later
Trend continuation is risky at this point since trendline is too steep, could easily turn into consolidation or break out.
But going short right now is silly too unless there's news triggering break out downward.
Cut losses early if unconfident, protect gains when market move in your favour.
But going short right now is silly too unless there's news triggering break out downward.
Cut losses early if unconfident, protect gains when market move in your favour.
Note
looks like it's not going according to trend line and set price level for now, need to waitNote
patience is keyNote
position shorts, ride momentum or wait for pullbackNote
could bounce back from here. put breakeven stops if you entered and is in profit. otherwise just waitNote
50/50 from chart, play here for short is only entry if bounce back to trend line, otherwise may as well bet in casino without thinking.
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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.