Hello everyone, if you like the idea, do not forget to support with a like and follow.
on WEEKLY: DAX is sitting around strong resistance and all-time high in green so we will be looking for sell setups on lower timeframes.
on H4: DAX is forming a channel in red so we are waiting for a new/third swing to form around it to consider it objective/valid.
Trigger: Waiting for a momentum candle close below the gray area to sell.
and until the sell is activated, this one would be overall bullish and can still dive inside the green zone.
As price approaches our lower blue support, we will be looking for buy setups.
Good luck!
on WEEKLY: DAX is sitting around strong resistance and all-time high in green so we will be looking for sell setups on lower timeframes.
on H4: DAX is forming a channel in red so we are waiting for a new/third swing to form around it to consider it objective/valid.
Trigger: Waiting for a momentum candle close below the gray area to sell.
and until the sell is activated, this one would be overall bullish and can still dive inside the green zone.
As price approaches our lower blue support, we will be looking for buy setups.
Good luck!
This analysis is done using RichTL
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www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal