#DAX Update
In case someone is in a similar situation 👇, I will try to better clarify what was previously explained:
16247/24 (previously long TP) I want to use it as the main shorts zone
In case someone is in a similar situation 👇, I will try to better clarify what was previously explained:
16247/24 (previously long TP) I want to use it as the main shorts zone
https://twitter.com/PG_Trades/status/1460633423689789441?t=k5OfPr2XfJY32Jhxyokrjw&s=19
16268/81 is a theoretical intraday resistance (less important than the previous one but can be useful)
➡️Most bullish case: few points above 16281 no shorts
➡️Around 16268/81 zone rejected➡️ 16247/24
Two things happen here:
A)16247/24 support: Short risk above 16281
➡️Most bullish case: few points above 16281 no shorts
➡️Around 16268/81 zone rejected➡️ 16247/24
Two things happen here:
A)16247/24 support: Short risk above 16281
B)break below 16224: short move activated (Risk above 16247, without completely ruling out a spike to the upper zone next days)
TPs:
➡️16072/49 (Main) (adjustable to 16100/72 for preferibly this week)
➡️Under these circumstances, TP2 15896/73 is feasible for next week
TPs:
➡️16072/49 (Main) (adjustable to 16100/72 for preferibly this week)
➡️Under these circumstances, TP2 15896/73 is feasible for next week
➡️TP3: 15721/698 is a nice target to complete this specific movement, but not necessary, it's always better to ensure profits before
It's even an ideal area to start a new bullish movement ... but for me, it's too early to talk about it now, better always go step by step
👋
It's even an ideal area to start a new bullish movement ... but for me, it's too early to talk about it now, better always go step by step
👋
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