Dax correction or long term?
Regardless - we are short
What can we see technically? A strong supply level. which price has tested and was respected.
The imbalance of the supply is evident due a strong engulfing on the daily .
Targets are the zones market on the chart and beyond .
If the daily target bounces - we will allow price action to either reject the zone or use the zone as a swap zone.
Fundamentals behind the move are caused by the virus second wave, Brexit and recession in Germany.
Further to this stimulus bills in place to keep Germans from losing respective jobs.
If you like our work, please leave a comment and like.
Thanks,
Team Lupa.
Regardless - we are short
What can we see technically? A strong supply level. which price has tested and was respected.
The imbalance of the supply is evident due a strong engulfing on the daily .
Targets are the zones market on the chart and beyond .
If the daily target bounces - we will allow price action to either reject the zone or use the zone as a swap zone.
Fundamentals behind the move are caused by the virus second wave, Brexit and recession in Germany.
Further to this stimulus bills in place to keep Germans from losing respective jobs.
If you like our work, please leave a comment and like.
Thanks,
Team Lupa.
Trade active:
re-entry at 12600 - now 12100 as of writing. Smooth trade!