Short DAX at 7740

Scaled out 2 +15.5

 

Did you notice FDAX retreating 5 times from 7960 levels....???? Just my humble observance...

 

Yes, what are your thoughts?

 

The notorious "4 times FDAX sell-off"- rule... Just my humble opinion...By the way ODAX PCR 3.22472...

 

Well you know my view on this, I just can't trade longer term charts. It would be interesting to see an average of the PCR, like on that chart. I have no idea how to organise it.

 

It probably won't match the DAX option PCRs but US index options PCR average historically is around 1.8. I.e. A US PCR significantly higher than 1.8 indicates a bearish/hedged market exposure by "sophisticated investors" (=index options!!!)

 

which period average do you refer to?

 

3rd +30.5

Short 3, 3 lower peaks

Scaled out 2 +9.5

 

Let's say the last 5 years, daily data.

 

I see, thanks.

Possible DT on 5 minute chart and below obviously, 2nd lower peak + divergence

Thar she blows...7925 break confirms DT ImO