DAX H4: TOPPED OUT / Distribution / SHORT IT!(NEW)

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DAX H4: TOPPED OUT / Distribution / SHORT IT!(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as LONG because short-term I expect
more upside before reversal (BEARS).

🔸 Summary and potential trade setup
::: DAX H4 market overview/outlook
::: distribution in progress now
::: short-term you can still BUY IT
::: buying dips makes sense currently
::: 12400-12600 reload bulls
::: TP is 13 200 / 13 300 points
::: HOWEVER bigger picture: BEAR MODE
::: Bears should get ready to SHORT IT
::: from range highs near 13 300 points
::: we are setting up for 20% correction
::: it's a slow process into US election
::: currently focus on buying dips
::: then get ready to SHIFT to BEAR MODE
::: SWING trade setup do not expect
::: fast/miracle overnights gains here
::: good luck traders
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9/Combo update: N/A
::: Sentiment short-term: BULLS/BOUNCE
::: Sentiment outlook mid-term: MIXED/RANGE

Commentaire:

once again just to make that clear for everyone:
short-term DAX is a BUY until 13 200 / 13 300 points
mid-term and after we hit that target: BEAR MODE
so I'm expecting a 15-20% correction after we hit
the resistance at 13 200 / 13 300.