Short DAX - Monthly Chart + 4H Chart both forming Bearish Cypher
4H Chart hit 0.786 Replacement which forming Bearish Cypher + On monthly Chart forming a perfect Bearish Cypher forming a PRZ zone at same time, good opportunity to short it. 11800 + SL 11900 first TP@ 1:2 RR
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A small down drop window formed, let see what happens next, going down...
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Fib_88.6 holds, Bearish Cypher confirmed, gonna test Fib_0.618 first.
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3rd time charm? Trying break through Fib_61.8, needs a consolidation of course, let see how market goes... if Fib_61.8 did confirmed, it will be another good short term entry as well. After 61.8, it will be Fib_50 + 1H Chart SMA200.
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