DAX H8: Setting up for 10% correction(SL/TP)(NEW)

-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 H8: Setting up for 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 8hour 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 IT 13 400 - 13 500
::: 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