DE30EUR Possible reversal/retracement of recent bearish dive.

After the steep bearish movement of the DAX it bounced on MA200 on Daily and created a bullish pinbar. On the 4h you can see that it is at historical resistance (from early september). it seems to be pushing up into the resistance and the RSI suggest bullish momentum. A break above 1200 could mean a bullish move up to MA200 on 4h or even up to historical resistance at approximately 12150-12170.

Trade ativo:

We have now pushed through 12000 and we have yet another bullish pinbar on the 4h-chart. The trade is now active.

Trade ativo:

Target one is reached. By the looks of it target two will be reached as well.
Half the position is closed as of now. Second half will run towards target two.

Trade fechado: stop atingido:

With the bearish pinbar we are close enough to our second target so we close the other half of the position.

Trade fechado: objetivo atingido:

It should read target reached (not stop reached).