It would seem smart money institutions are planning something of a bearish move but when looking at the harmonics along side DAX, which is usually closely following, they're worryingly different. This could be the reason for such a snail-paced day.
Note
Currently have a TP at 3910 but will trail it, along with the SL as it continues down.Note
Strong support at 3950... Hang in there.Note
It broke the flag to the downside on the 15min. Just hoping it's just flirting with the downward trend line and bounces down off it if it manages to pop up that high.Note
Flag on the 4h... Let's see if it holds.Note
It's come up for air around 4000. My SL is above there... Sitting on hands.Note
You can see on the delta reference to the left that buyers were levelling on the 4000 "top-tickers" but then new buyers came in and the delta switched... It will be a fun day!Note
Currently hedging to ease the bleed.Note
Strong delta divergence sell off.Note
Strong delta divergence confirmed on 1h too.
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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.