-TOP author on TradingView -15+ years experience in markets -Professional chart break downs -Supply/Demand Zones -TD9 counts / combo review -Key S/R levels -No junk on my charts -Frequent updates -Covering FX/crypto/US stocks -24/7 uptime so constant updates
DAX H4: SHORT IT / 10% correction(SL/TP)(NEW) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup ::: DAX 4hour chart review and outlook ::: updated/revised outlook ::: we just made a gap fill and rejected ::: from overhead. dark cloud cover candle. ::: compressed into Rising Wedge (BEARS). ::: this market is ripe for 10%+ correction now ::: V-shape recovery almost complete now ::: EU GDP massive downer recently 10%+ Qoq ::: New wave of global lockdowns ::: Spain corona cases rising fast ::: Economy is in bad shape ::: 13 400 - 13 500 heavy overhead liquidity ::: GAP is getting filled and then we are getting ::: a 10-15% correction in August/September 2020 ::: long-tern distribution in progress ::: we are stuck in range for 2 000 days now ::: not a BULLISH sign ::: Seasonality: August/September WORST month for STOCKS ::: Recommended strategy: SHORT RIPS/RALLIES 13 100 ::: Alternatively: SHORT SELL AT MARKET NOW ::: SL 5% TP1 10% TP2 +15% ::: SWING trade setup for patient traders ::: do not expect fast/overnight gains ::: good luck traders 🔸 Supply/Demand Zones ::: N/A ::: N/A 🔸 Other noteworthy technicals/fundies ::: TD9 /Combo update: N/A ::: Sentiment short-term: BULLS ::: Sentiment outlook mid-term: BEARS/REVERSAL
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