Short
GER30 with a short
Before any major move, a market trap usually occurs, catching most traders on the wrong side. What's required is patience. Be patient and see what the price does when it reaches an all time high/low. The reaction is your ultimate signal on what is PROBABLY going to happen next. This setup represents this notion. The 1st ray line represents a point where a bullish trap started (when looking left from a weekly timeframe). A little more patience is required as we anticipate for the long drop (as illustrated). We will only execute once the confirmation occurs (as indicated). Our setup invalidation is as illustrated on the chart.
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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.