Germany 40
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DAX Short - High Probability

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Current Macro Environment is very bearish:
  • Inverted Yield Curve :> showing that Market Participants are forecasting that rates are being cut in the future
  • Purchasing Manger Indexes are at contractionary levels - combined with the current situation in the money market - I do not expect that the real economy is going to relief from here

Current Technical Analysis is very likely to turn:
We are sitting at the golden pocket, range high and are currently forming an rounded top
I am expecting an fakeout H&S with early shorts getting stopped


Even if we have already formed an bottom - it is very unlikely that we go trough this level without an rejection
I am expecting at minium that we are able to take at least 1 take profit until it might turn more to the upside

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