GER30/DAX WK1: BEARS 15-25% correction up next?(NEW)

6. Okt. 2021

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GER30/DAX WK1: BEARS 15-25% correction up next?(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.

🔸 Summary and potential trade setup
::: GER30/DAX weekly chart overview/outlook
::: market is MAXED OUT ALREADY
::: 22% correction in progress
::: TP BEARS is 12 000 points
::: speculative BEAR setup
::: expecting major weakness soon
::: it's possible that we get
::: a few sessions in range lock
::: to develop the distribution setup
::: 15-25% mark down off the current highs
::: re-test near 11000/12000 points
::: STRATEGY: short sell any rallies
::: good luck traders
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment: BEARS
::: Sentiment outlook short-term: BEARISH
::: fundumentals also deteriorating fast
::: all the good news already priced in.
::: this is also important for CRYPTO
::: because next leg down in US stocks
::: may lead to mark down 30% in CRYPTO assets

RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.