Fineight

DAX analysis for 21.4.2020

Short
EUREX:FDAX1!   DAX Futures
Hi traders,

today I got to my charts a bit late but let's take a look at what happened in the morning and what can we expect from the US session.

FDAX1! opened with gap to the down side today which really canceled the yesterday's Pin bar signal. The morning was again quite lazy but eventually we broke yesterday's low and the price continues trending lower ever since. The first support is low from 16th April but we might see the price go even lower to 10 110.

I am now going short with the profit target at 10 250.

John
FINEIGHT Team
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