#DAX Update

I don't really think this Update is necessary, but since there is always a lot of noise in fintwit, I will try to remember and specify something else my idea

In this medium-term trade, TP1 (Main) ✅

Now I'm looking for a bearish continuation (especially TP2) Current situation:

The key is to break below 16049 tomorrow (the earlier the better for the move)

In this case we have:

16010/00 as first TP (intraday) (unimportant if we have a lot of movement tomorrow, and with a possible bounce to 16049/72)

#DAX Hello friends! Like I said yesterday, time to review...

TP1 (Main) ✅

I put these images, but I recommend carefully reading all the previous tweets

And now... Long thread (again🤦🏻‍♂️😂) 👇 1) Yesterday:

We briefly traded below 16224, but it was not the time to go to TP1 (intraday levels aside, unpublished)

Important to see as I had already commented, that after that it was not ruled out to go back to the top (see image above)

As part of these nightly tweets that I do these days ... today:

THE BAD TRADER

The bad trader makes a series of generally known mistakes, today I will try to delve a little into mistakes generally less obvious to some traders 👇 1)The bad trader chases the price, always follows the price in the markets movements

2)The bad trader denotes excitement on the days when the market makes important movements, loses control over itself

#DAX Just my two cents 👇

It's usually a sign that the market will continue bullish, but...

It' one of those excessively extreme cases for me...

https://twitter.com/srkisrlesrbenda/status/1460994812488949763?t=MeO2btOWwF7qiuG9EnCOUw&s=19

In excessively extreme retail sentiment situations, there is often a decrease in the spread between longs and shorts

There are basically 3 ways to do this

#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

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

#DAX

(1/16)

Some explanations using the latest proposed bearish trade

Probably some traders do something similar, or will do it in another way, they may even disagree...

It doesn't matter, it is just my vision and I think it can be a help for other traders (2/16)

CHART 1:

Simply the evolution of the trade and all the zones and indications proposed

Highlight Moment: When TP1 hit and price rapidly bounces, a common temptation is to expect a strong bullish momentum, in the session and in the medium term

Reality was very different

#DAX My psychology...

This is a time when many of you think, after a 150 point trade (respecting my TPs), that you have to continue in the market ... some thinking about bigger falls, others about buying the bounce, right? For me, here are three long-term psychological failures to be consistent:

➡️Overtrading

➡️Too greedy

➡️Chase the price

#DAX Hello friends!

Finally, 9 days after this tweet, this is the final result

I have not been very active, but as I said everything was in this Chart (even without intraday adjustments)

https://twitter.com/MakaveliDAX/status/1406664259367583745?s=19

Since then my messages have been:

The main move was the previous Monday

Tight range afterwards, little volatility and many traders' paradise

I warned of the fake, 2/3 hours before

Bullish targets intact if 15506/486 zone held