FX:GER30   DAX Index
GER30             is in an extremely bearish trend .

After a classic Head and Shoulders pattern formed, prices pushed down and broke the H&S neckline right away.

On 1 Feb, an expected pullback was completed and a very usual and huge amount of short orders were placed at 9837 after 15 mins of futures market opens, therefore I warned the traders to be cautious.

Option 1: Price go straight to 8400.

Option 2: Now -> 9300-9400 -> 9800-9900 -> 8400.

All "targets" for 10000+ or 10122 or 10400 in this correction can be treated as jokes.

the full time trader,
Candle Sticks specialist,
Elliott Wave Counts specialist.
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