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No chance to see pattern (like today a Wednesday short) normally working.
We are in the week of triple witch (Friday 13:00h for the DAX).
That means some other parties are shaking the price levels.
No problem so far - things will get calmer from next week on.
Do we need one?
SL settings are well known throughout this thread.
Today we are short and since the first minutes positive.
Of course we could move SL to breakeven - but this
action needs energy for nothing.
GFIs1
PS: IB vol is not that great measure in triple witch week.
Means that some trades are done on the June contract
and some others are already shifted into the Sep contract.
Therefore one should add both to see if volume is enough.
My short view on June contract said that we are safe.
This is second future this year that ends.
Mid year. And after a rally that had not been seen before within 6 months.
Of course price has made some "erratic" moves. And brought many trades
outside the wishful thinking.
For the DAX @ 13:00 the June contract will stop. Willingly or forced.
As I had here a tricky week - there will be no trade tomorrow:
• volumes will no longer be high (had already priced in)
• range will not be high tomorrow (experience)
So things settle for a new ATH to kill 13k
The only answer we do not have is by when.
