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DAX H16: BEST Level to SHORT IT +1000/+1500 points(SL/TP)(NEW) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup ::: DAX 16hour/candle chart review ::: trading in massive range since May 2021 ::: 16000 range highs / 15000 range lows ::: focus on BUY LOW / SELL HIGH strategy ::: we will trade sideways next 4/8 weeks ::: bearish fractal in progress now ::: setup still valid as of today ::: new wave of global lockdowns ::: upside limited from here ::: short-term limited upside ::: HOWEVER heavy resistance overhead ::: 15 900 strong resistance ::: get ready to SHORT from overhead ::: BEARS will take over soon ::: lower risk setup is SHORT ::: get ready to SHORT HIGH later ::: once we hit resistance at 15 900 ::: TP BEARS TP1 +1000 points TP2 +1500 points ::: SHORT/HOLD setup with great risk:reward ::: BEARS TP FINAL is 14 800 ::: recommend to SHORT/HOLD ::: recommended strategy: SHORT/HOLD ::: 15 900 reversal level to SHORT IT ::: BULLS focus on BUYING LOW ::: near 15 000 / 15 200 later ::: TP BULLS is 15 900 points ::: SWING trade setup do not expect ::: fast/miracle overnights gains here ::: good luck traders 🔸 Supply/Demand Zones ::: 15 000 fresh demand zone ::: 15 850 fresh supply zone 🔸 Other noteworthy technicals/fundies ::: TD9 /Combo update: N/A ::: Sentiment short-term: BEARS ::: Sentiment outlook mid-term: BEARS
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