KQMarkets
Short

Dax Long Term Short Fibonnaci resistance level key

XETR:DAX   DAX Index
We are currently short the Dax and we see this as good opportunity to increase our short position below the key Fibonacci resistance level at $12440 due to the escalation of trade tensions between the US and China. This is because as a result of the ongoing trade war we expect the index to be significantly more volatile and we will therefore look to the Dax breaking the Fibonacci level at $12024 before potentially taking profit.
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