TradersClub24-International

DAX GER30 Retracement?

Short
XETR:DAX   DAX Index
Good morning traders,

our todays instrument we want to analyse is DAX also GER30 . After seeing a down gap @ 12750.

We are wondering where is the next level ? So after we have put out our fibonacci tools -

First target could potentially be 38,2% Zone @ 12.470

Second and kind of important target would be 50% @ 12.370 where we also apporaching a daily trendline which indicates us an uptrend.

I personally dont think that we will see the area of 61,8% @12.880.

But anything can happen so in case that we should break the trendline and we have a weekly close under the trendline. We have a confirmation to go down.

Should be very interessting the next couple weeks.

We would be really happy if you comment and let us know what you guys think?

If you have any wishes for a pair we should look into please let us know.

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Thank you

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