德国DAX指数做空
DAX is showing a dangerous pattern
已更新
‼️DAX is showing a dangerous pattern
The german index,DAX has been in a strong bull market for a long timet, but recently we had a confirmation of a RISING WEDGE PATTERN (in blue).
✅ What does a RISING WEDGE PATTERN imply?
Rising wedges are usually formed at the end of trends and when the price breaks below the blue support trendline, a fast decline happens.
The fundamentals in germany are quite bad, and if there is no response from Europe, we could see a dangerous fall in the german index.
Sometimes rising wedges break up, BUT this only happens in extremly greedy situations, like the tops in NASDAQ:TSLA.
If there is an upper break, means that we are facing the LAST rally, so again a brutal falldown is likely to occur.
💰 How to trade this chart pattern?
You should wait for the break of the blue trendline to short the market and search for a fast but very profitable trade.
I do not recommend trading it if the break occurs on the opposite side, because panic moments are much more profitable with less risk.
🛡️ The risk management strategy
As we have done in so many previous ideas, remember you can split the position in 2.
- 50% of the position in a take profits as large as your stop loss (adapt SL and this 1st TP to local supports/resistance levels). In this case, a 2% will be ok.
- 50% of the position to a price as large as the previous pattern, which would mean a profit of 15 to 20%. Anyway, to increase our chances to arrive to the second TP, we recommend using a 10% take profits.
The second TP is less likely to happen, but as soon as the first one has been reached (extremely high probability), this becomes a RISK-FREE TRADE.
✴️ ENJOY AND FOLLOW for more 😊
The german index,
DAX has been in a strong bull market for a long timet, but recently we had a confirmation of a RISING WEDGE PATTERN (in blue).✅ What does a RISING WEDGE PATTERN imply?
Rising wedges are usually formed at the end of trends and when the price breaks below the blue support trendline, a fast decline happens.
The fundamentals in germany are quite bad, and if there is no response from Europe, we could see a dangerous fall in the german index.
Sometimes rising wedges break up, BUT this only happens in extremly greedy situations, like the tops in NASDAQ:TSLA.
If there is an upper break, means that we are facing the LAST rally, so again a brutal falldown is likely to occur.
💰 How to trade this chart pattern?
You should wait for the break of the blue trendline to short the market and search for a fast but very profitable trade.
I do not recommend trading it if the break occurs on the opposite side, because panic moments are much more profitable with less risk.
🛡️ The risk management strategy
As we have done in so many previous ideas, remember you can split the position in 2.
- 50% of the position in a take profits as large as your stop loss (adapt SL and this 1st TP to local supports/resistance levels). In this case, a 2% will be ok.
- 50% of the position to a price as large as the previous pattern, which would mean a profit of 15 to 20%. Anyway, to increase our chances to arrive to the second TP, we recommend using a 10% take profits.
The second TP is less likely to happen, but as soon as the first one has been reached (extremely high probability), this becomes a RISK-FREE TRADE.
✴️ ENJOY AND FOLLOW for more 😊
注释
DAX seems ready to do all time highs, moving the price to the green zone (bull continuation), so keep dancing for now :D交易开始
The bull market target price was reached and the price has rallied as expected. We are now approaching the upper blue trendline of the rising wedge which could be a resistance level.交易结束：到达目标
Amazing how the price is now respecting the upper blue line of the wedge. DAX should move sideways now.
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