DAX 19.09.2016
D1 Graph.
Clearly visible short term long move up to levels of resistance
Double Top formation and break below the base of the formation.
The break has been tested two times and the price remains below the break at resistance.
Price below Fib 50% of the short move.
Technical Indicator:
CCI(50) - moves below 0 - signal for short
SL 10500
Alternative Scenario: If the price moves up again below the base line of the double top formation, will cancel the bearish view.
Jr. Trader Nikolay Georgiev
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