Still a way to go down

603
I believe that DAX will hit critical buyers somewhere between 6 and 5 k, so there is a good way left. However we are now extending past the latest swing low, this movement cannot continue forever and should be exhausted by the time we reach 8 200s. In other words we may expect a surge back to 10 100s, where DAX should find more powerful sellers before it gets pushed down to 6 k.
Not
Daily chart:
It appears that we made a bounce of the lower median line (blue, dashed) and are heading back to re-test the prior swing low (orange, horizontal) from below. If we stop at that level without even reaching to the nearby center line (grey, dotted) I will see it as a sign of extreme weakness and expect a rapid acceleration to the downside.
Not
This analysis is no longer considered to be valid. Thank you for your attention and happy trading!

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.