What do we think about DAX?
Let's see the Monday opening.
9420 in a very important level, above a strong supply zone which everything is in (Fibo levels, Fibo Fann, Gan Angles, etc...)
In our opinion, nothing will be enough to stop the bearish movement.
Everything is linked to USA and #SPX500 (and the Covid 19 situation first of all).
A little bullish correction will be possible until the trendline above but we will consider long trades only above 10130 (which is the level to cover the little GAP).
11690 and 11700 Area is a very good test to discover if the bearish sentiment will end.
Anyway, we believe in short... 8790 is the first target (complete da GAP Behind and it's 61.8% of Fibo, then 8000).
Let's see the Monday opening.
9420 in a very important level, above a strong supply zone which everything is in (Fibo levels, Fibo Fann, Gan Angles, etc...)
In our opinion, nothing will be enough to stop the bearish movement.
Everything is linked to USA and #SPX500 (and the Covid 19 situation first of all).
A little bullish correction will be possible until the trendline above but we will consider long trades only above 10130 (which is the level to cover the little GAP).
11690 and 11700 Area is a very good test to discover if the bearish sentiment will end.
Anyway, we believe in short... 8790 is the first target (complete da GAP Behind and it's 61.8% of Fibo, then 8000).
