DAX 40 – Cash: Bearish Pin Bar Signal

DAX 40 – Cash:  Selling On Retracement To Within The Range Of Bearish Long-Tailed Pin Bar Signal

Price Action: Price formed a Bearish Long-Tailed Pin Bar Signal late last week.

Price exploded lower from the Bearish Multi-Bar Fakey Setup that had triggered on Wednesday, August 17th (We did not consider trading this setup, nor did we mention it at the time it formed).

Potential Trade Idea 1: We are considering selling on a retracement higher to within the range of the current Bearish Long-Tailed Pin Bar Signal.

Potential Trade Idea 2: We are considering selling on a retracement higher and after a price action signal, at or just under the 13665 – 13970 short-term resistance area, which also coincides with the recent Bearish Multi-Bar Fakey Setup that had triggered on Wednesday, August 17th.