DAX 40: Bearish Pin Bar Signal
Price Action: Price formed a Giant Bearish Pin Bar Signal just under the 15355 – 15486 short-term resistance area, late last week.
Price briefly moved higher from the recent Bullish Pin Bar Signal that had formed, early last week, but didn’t follow through (We did not consider trading this signal as this market is forming lower lows within the short-term Bearish trend and the market is at risk of breaking below the 14830 – 14913 key support area).
Potential Trade Idea: We are considering selling on a retracement higher to within the range of the current Bearish Pin Bar Signal, with wide risk management well above the high of Tailed Bar Signal.
Price Action: Price formed a Giant Bearish Pin Bar Signal just under the 15355 – 15486 short-term resistance area, late last week.
Price briefly moved higher from the recent Bullish Pin Bar Signal that had formed, early last week, but didn’t follow through (We did not consider trading this signal as this market is forming lower lows within the short-term Bearish trend and the market is at risk of breaking below the 14830 – 14913 key support area).
Potential Trade Idea: We are considering selling on a retracement higher to within the range of the current Bearish Pin Bar Signal, with wide risk management well above the high of Tailed Bar Signal.