3 weeks ago, the MDAX launched a hammer candle as a turnaround signal. This was sold as usual. This first sale could have been wave 1 of (1). Currently, the 2 of the (1) would have to run.
It is now advisable to observe this correction and to find an entry into Short-Plan. StopLoss is 27,370 points in this case. Target is likely to be near the 61.8% retracement at around 22,000 points. From this perspective, there is a risk of 1,000 points and a chance of 4,000 points and thus a CRR of 4 to 1. This is likely to improve in the further run-up in the 2 of the (1).