DAX Rejection on the MA50 (4h).
DAX remains inside a Channel Down pattern. The price just got rejected on the MA50 (4h).
The pattern so far matches exactly the first bearish sequence of the pattern.
Trading Plan:
1. Sell on the current market price and keep as long as the price trades under it.
Targets:
1. 14950 (-3.75%, symmetry with August).
Tips:
1. The MACD (4h) is on the exact same level as the August 11th rejection on the MA50 (4h).
Please like, follow and comment!!
Notes:
Past trading plan:
The pattern so far matches exactly the first bearish sequence of the pattern.
Trading Plan:
1. Sell on the current market price and keep as long as the price trades under it.
Targets:
1. 14950 (-3.75%, symmetry with August).
Tips:
1. The MACD (4h) is on the exact same level as the August 11th rejection on the MA50 (4h).
Please like, follow and comment!!
Notes:
Past trading plan:
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