DAX Take 1 Part 2 – Reloaded but not yet good to go

2 Jun

The first time, we saw the DAX poke the 1/4 line.

This was followed by several attempts (distribution by the big players), and from that point on, it headed south and the DAX rolled down the hill.

Currently, it looks very similar.
I’m watching and observing the break of the trend barrier very closely, even on smaller timeframes than the daily.

The profit targets are indicated by the red arrows.
After the break of the thick white centerline, a strong retest of the CL could be in store.

My main target would then be the red centerline.

Since the markets are behaving completely irrationally, I’ll need more “breathing room” in the trade and will handle this trade using long-dated LEAP options.

...poor little guy §8-)

12 Jun

Nota

Little correction of the Forks C-Point.