The Index is traded at it s Make or Break-Level @ 17.800-18.000. The longterm falling trendline could be seen as a big resistance Zone (entry for Shorts) as well as a buying Trigger for Long-Positions (Ande SL-Level for Shorts).
I illustrate 3 different positions in my Chart.
1. The Break-Out strategy for Long Positions: StoppBuy @ 18.000 with SL @ 17.500 and TP1: 18.500/TP2 19.200
2. The Anticyclical Short-Position: Entry @ the actual Level with SL above the BIG Resistance @ 18.000 and TP: 16.950
3. The procyclical Short-Position with Stopsell @ 16.800, SL 17.100 TP 15.650
Good Luck to ALL !
I illustrate 3 different positions in my Chart.
1. The Break-Out strategy for Long Positions: StoppBuy @ 18.000 with SL @ 17.500 and TP1: 18.500/TP2 19.200
2. The Anticyclical Short-Position: Entry @ the actual Level with SL above the BIG Resistance @ 18.000 and TP: 16.950
3. The procyclical Short-Position with Stopsell @ 16.800, SL 17.100 TP 15.650
Good Luck to ALL !