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DAX Short term sell signal on the MA200 (4h).

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DAX got rejected on the MA200 (4h) and is pulling back.
This is heavy pressure as it took place near the top of the 2 month Channel Down.

Trading Plan:
1. Sell on the first green (4h) candle.
2. Buy if Resistance (1) breaks.

Targets:
1. 15230 (Rising Support and -2.20% decline like the September 5th pull back).
2. 16000 (Resistance 2).

Tips:
1. The MACD (4h) just formed a Sell Cross. This amplifies the short term selling momentum.

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Notes:
Past trading plan:

DAX Rejection on the MA50 (4h).

Penafian

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