DAX Short term sell signal on the MA200 (4h).
DAX got rejected on the MA200 (4h) and is pulling back.
This is heavy pressure as it took place near the top of the 2 month Channel Down.
Trading Plan:
1. Sell on the first green (4h) candle.
2. Buy if Resistance (1) breaks.
Targets:
1. 15230 (Rising Support and -2.20% decline like the September 5th pull back).
2. 16000 (Resistance 2).
Tips:
1. The MACD (4h) just formed a Sell Cross. This amplifies the short term selling momentum.
Please like, follow and comment!!
Notes:
Past trading plan:
This is heavy pressure as it took place near the top of the 2 month Channel Down.
Trading Plan:
1. Sell on the first green (4h) candle.
2. Buy if Resistance (1) breaks.
Targets:
1. 15230 (Rising Support and -2.20% decline like the September 5th pull back).
2. 16000 (Resistance 2).
Tips:
1. The MACD (4h) just formed a Sell Cross. This amplifies the short term selling momentum.
Please like, follow and comment!!
Notes:
Past trading plan:
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