DAX - Update - Alert! 4 hrs reversal signal arrived!
Good morning, good day, good evening Ladies and Gentlemen,
The chart set is exactly the same I posted yesterday about DAX. (
)
The reason I post it again is to underline the change:
4 Hrs chart delieverd a reversal HA candle, which was followed by a bearish candle as well. In line with that the daily chart printed a pin bar reversal candle as well. Slow Stochs are turning down on both time frames.
I expect retracement taking place at least to 9400 levels (maybe to 9350). Then we will see what market will do further, how do indicators change.
Strategy:
1. buy April 9400 put
2. or go short outright either at the trend break / low of the reversal candle or if you have a chance and you see a push up attempt in the morning, sell at/above 9600.
Important! Regardless where you sell, place your stops immediately in advance according to your money management and risk tolerance! Never trade without stops!
The chart set is exactly the same I posted yesterday about DAX. (
The reason I post it again is to underline the change:
4 Hrs chart delieverd a reversal HA candle, which was followed by a bearish candle as well. In line with that the daily chart printed a pin bar reversal candle as well. Slow Stochs are turning down on both time frames.
I expect retracement taking place at least to 9400 levels (maybe to 9350). Then we will see what market will do further, how do indicators change.
Strategy:
1. buy April 9400 put
2. or go short outright either at the trend break / low of the reversal candle or if you have a chance and you see a push up attempt in the morning, sell at/above 9600.
Important! Regardless where you sell, place your stops immediately in advance according to your money management and risk tolerance! Never trade without stops!