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-)
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-)
Note
Little correction of the Forks C-Point.
- Lean on facts, not on hope.
- Trade with an 80% edge.
- Follow the rules and the rest will come.
- Trade with an 80% edge.
- Follow the rules and the rest will come.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
- Lean on facts, not on hope.
- Trade with an 80% edge.
- Follow the rules and the rest will come.
- Trade with an 80% edge.
- Follow the rules and the rest will come.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.