DAX - Sell Setup Forming!

Hello everyone, if you like the idea, do not forget to support with a like and follow.

DAX is approaching its all-time-high in green 14200.0 so we will be looking for sell setups on lower timeframes.

on H1: DAX is forming a channel pattern in red but it is not valid yet so we will be waiting for a third swing low to form around our lower red trendline to consider it our trigger swing. (projection in purple)

Trigger => Waiting for that swing to form and then sell after a momentum candle close below it (gray zone) and waiting for a break below the 14k level to sell for extra confirmation.

Until the sell is activated, DAX would be overall bullish and can still trade higher.

And of course, as DAX approaches our lower blue support 13500.0, we will be looking for buy setups.

Good luck!

~Rich