DAX40-Bearish after 2nd wave ?
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Market Commentary:
1. This is my first trade idea in this instrument. So i am not trading just watching only here.
2. The wave b) is a expanded flat and that high is the STOP and invalidation for this pattern.
3. I am expecting a wave C) in 5 waves as i shown here and it may be very fast particularly the wave 3rd in "C" wave.
4. I am looking to enter in the completion of wave 2 and will keep the STOP above wave 1 of C).
5. RR is huge here and i looking for 16025 to enter in SHORT with Stop 16115 to the target below 15600.
DISCLAIMER : All labelling and wave counts done by me by manually and i will keep change according to the LIVE MARKET PRICE ACTION. So don't bias, hope on my trade plans...try to learn and make your own strategy...Following is not that much easy...I AM NOT RESPONSIBLE FOR ANY LOSSES IF U TOOK THE TRADE ACCORDING TO MY TRADE PLANS....THANKS LOT..CHEERS
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