Trade Idea: Sell DAX Index

DAX Index (Sell/Short)

- Losing it's overbought status on the lower time frame (shows momentum weakening)
- Trading more than 2.5x mean over 200 days
- Candle structure indecision (thus far today a long upper tail)
- MACD histogram developing lower highs while a bearish crossover is pending.

Trading Levels

Sell: 14400
Stop-loss: 14820
Target: 13750

Daily Chart