Monitoring for DAX, short term rebound
As updated yesterday about DAX and its D leg as a short term rebound, DAX is more clearly today by forming its C leg, or let’s say C leg finally formed.
DAX is but still in a bearish mode, hence the momentum for a bounce is but weak, therefore long trades should be very flexible to exist. I still prefer to sell DAX under the condition that D leg must be formed clearly and price action needs to be led to lower lows at my detected D point.
- Keep further waiting for better entry point.
- Focus more on a larger target
- Day trader but can take the long action according to best price action
Take your look at the depicted chart below for more info:
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