German Dax index (DE30) intraday setup

26 Nis 2021

DE30 is currently in a Minuette-v correction. After a bearish impulse move price got rejected within 61.8% fibo retracement which is also a minor resistance. Price is again headed towards that zone and I'll be waiting for a convincing impulse back down. Since it is Minuette-v correction, I will keep my target below Minuette-iv
If this setup doesn't present itself then I will simply wait until another setup which meets my plan materialises.
If there's any ambiguity then I will not place this trade.

29 Nis 2021

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