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Trading tips for DAX

Trading tips for DAX

All branches of the Nord Stream pipeline have been closed due to a possible sabotage. This creates an opportunity for traders to short the DAX index.

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Trading tips for DAX

Since previous price movements form a three-wave pattern (ABC), where wave A represents bearish pressure, traders can enter the market by selling from current prices up to the 50% retracement level. Set stop loss at 12415, then exit the market on the breakdown of 12160.

This trading idea is based on the "Price Action" and "Stop Hunting" methods.

Good luck and have a nice day! Don't forget to control the risks.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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