DAX30 /H4/ - The short seems more likely

DAX30 / H4 / Short

The short trend in global indices remains, and the current upward correction gives a good short chance with the new movement. Under current market conditions, the DAX30 is on good technical levels for Short. The price of the index is in a descending channel and is currently testing its upper part. In addition to the short idea is also the location of the average - 50 SMA is below 200 SMA, and the price makes a strong rebound of 200, forming the Price Action absorbing bar. DeMarker 8 points down and passes below 0.5 - Short pulse is in effect. The price is close to the horizontal level of resistance. 38.2% Fibonacci correction is far from current levels, but it's right to take this into account, when determining the Stop Loss order.

At first glance, Europe remains in the trade war between the US and China, but investors weigh bad and global effects. The foundation remains unclear, and this creates uncertainty among large investors on the market.

SL: €12512

Alternative scenario: If the price goes above the key level of resistance and stays there in several successive bars, the negative scenario will break and we are more likely to see the index grow.

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