Don´t miss selling the highs on DAX
The current uptrend on the DAX/GER40 is showing signs of weakening, with mixed signals appearing across various indicators. My strategy involves monitoring for a price drop below the 50 MA, where I've set a Sell stop order to trigger at 18,272. My optimal target for this position is 17,054.3.
I anticipate significant market movement throughout the next week, aligning with my approach of entering swing trades on the DAX. Should the price action continue to rise and surpass the 18,700 mark, there is a potential for it to reach the 18,700-19,000 resistance cluster. This range is a strategic point for selling at a high, offering excellent profit potential as the DAX hovers around its all-time high range. Remember, markets do not move in a single direction indefinitely.
Stay vigilant and prepare for these key levels to capitalize on potential market reversals and continuation patterns.
Happy weekend! 🚀📉 #DAX #GER40 #TradingStrategy #SwingTrading #TechnicalAnalysis
I anticipate significant market movement throughout the next week, aligning with my approach of entering swing trades on the DAX. Should the price action continue to rise and surpass the 18,700 mark, there is a potential for it to reach the 18,700-19,000 resistance cluster. This range is a strategic point for selling at a high, offering excellent profit potential as the DAX hovers around its all-time high range. Remember, markets do not move in a single direction indefinitely.
Stay vigilant and prepare for these key levels to capitalize on potential market reversals and continuation patterns.
Happy weekend! 🚀📉 #DAX #GER40 #TradingStrategy #SwingTrading #TechnicalAnalysis
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