DAX Megaphone still intact. Breakout and scalping options.
DAX is trading in a Megaphone, currently supported by the MA50 (4h).
Scalping is recommended inside this pattern and breakout trading outside it.
Trading Plan:
1. Buy if the price closes over the Megaphone.
2. Sell if it closes under the MA50 (1d).
Targets:
1. 16200 (+12.17% buy leg).
2. 15200 (lower Support Zone).
Tips:
1. The RSI (4h) is inside a clear Rectangle whose bottom and top can help with scalping inside the Megaphone.
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Notes:
Past trading plan:
Scalping is recommended inside this pattern and breakout trading outside it.
Trading Plan:
1. Buy if the price closes over the Megaphone.
2. Sell if it closes under the MA50 (1d).
Targets:
1. 16200 (+12.17% buy leg).
2. 15200 (lower Support Zone).
Tips:
1. The RSI (4h) is inside a clear Rectangle whose bottom and top can help with scalping inside the Megaphone.
Please like, follow and comment!!
Notes:
Past trading plan:
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