I am shorting the Dax here at the market price which is 9232. The target for this trade is 8950-8900 and anything below there. My stop loss will be placed above the 9500 resistance level.
As long as the market is able to stay below the 9300 resistance level then this shouldnt be a problem for it to drop.
The indicators are showing previous overbought sessions which have now gone into the neutral territory however I have strong reason to believe that we will decline further this week.
As long as the market is able to stay below the 9300 resistance level then this shouldnt be a problem for it to drop.
The indicators are showing previous overbought sessions which have now gone into the neutral territory however I have strong reason to believe that we will decline further this week.