Wyckoff_Trader
Short

DAX Expecting Mark Down Towards 9,800

INDEX:DEU30   DAX PERFORMANCE-INDEX
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After almost 2 years of consolidation . DAX is currently in Mark Down phase. Index broke a significant upward trend line last week. We will expect Mark Down continue towards 1st objective 9,800.

9,800 target was established based on:
- 2.168% Fibo projection
- Previous Resistance-turned-support
- Whole Number (Close to 10,000)
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