DAX Sell Idea
H4 - Price reached the 38.2% - 50% retrace zone of the special cycle, bearish divergence. Price broke the uptrend line.
H1 - Bearish divergence, bearish convergence. We may now expect a correction in the form of double wave or a flat correction in the form of range.
Once this correction completes itself we can start looking for sells.
Invalidation: If the price moves higher and breaks above the last high then this setup is invalidated.
Note: The aggressive approach is already active here with the breakout of the H4 trend line.
H1 - Bearish divergence, bearish convergence. We may now expect a correction in the form of double wave or a flat correction in the form of range.
Once this correction completes itself we can start looking for sells.
Invalidation: If the price moves higher and breaks above the last high then this setup is invalidated.
Note: The aggressive approach is already active here with the breakout of the H4 trend line.
Penafian
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