DAX Extremely Bearish Price Targeting New Lows
DAX is extremely bearish. Yesterday free fall in Equities might be the start of a reversal in stocks and we should see the bearish continuation.
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DAX is extremely bearish. Yesterday free fall in Equities might be the start of a reversal in stocks and we should see the bearish continuation.
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There are 2 POC zones where we could expect a rejection from. The first POC zone 12727-800 is close, but we can see a bearish order block adding to the confluence of 23.6, W L5 and D L3. A deeper retracement should lead to 78.6/88.6 zone 13143-13228 and heavy selling should occur there within the POC zone. Targets are 12466, 12312 and 12054. The market is trending now so bearish continuation is expected.
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