Shortdax
DAX short to 12620 before an all-time high!The Dax has recently played off of our short level the endless rotation at the 13305 was the indication that there is a stall in momentum from the upside. Meaning we could see a retrace. It's not as strong as the US equities due to the European economy, German economy and the monetary policy.
We are watching the retrace into the 12880 support as the first pitstop based on market structure. Then the next level is the 50% retrace at 12615 based on the impulse move that brought it to the high. Then we could see rotations for the high.
DAX 4H technical review for short we have more than reason like bat pattern . AB=CD . resistance line to short dax
by following shown targets and stop lose
This is not an investment recommendation or any call to buy or sell
It is just an analysis based on a study of the history of price action
Behavior , that may not be a necessarily reason for the success of
the structure or repetition. So please make your decision based on your vision .
To protect capital and manage your deals and trading successfully
the maximum loss in each transaction for the same currency or
commodity in the same direction should not exceed ( 2% ) of the capital .
Good luck >>