At an intraday resistance level, relying on longer term trend now to: Breakout leading to resistance becoming support
Now we have a breakout, now looking for R turn S & a continuation Longer term charts are now on our side
At another intraday resistance level now, looking for price to follow previous steps breaking 2nd resistance now, trailing stop now
Relying on DAX's ability of not being as jerky as some other indexes to keep advancing with minimum retracements
Potential failure to break 2nd resistance out for +12pts r:r=1:6 Total gain: ~$400 per contract Chart to follow