FXBen
Short

DAX (GER30) POTENTIAL SHORT

FX:GER30   DAX index of German listed shares
As everyone is aware we recently had a large market sell off before stabilising again slightly. Now when it comes to the indices there are more fundamentals that come in to play than with Forex , but from a technical stand point i can see this having the potential to drop to 8000.

a Daily close below 10000 weekly support would confirm an entry for me. You can see from this 4hr analysis we have great confluence for the 8000 target as a new monthly low.

Target 1 = 9365
Target 2 = 8650
Target 3 = 8000
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