On Friday (16/9) we saw a 4H candle open and close below the weekly trend line
. This trend line
has now become resistance. Therefore, I expect that line to be tested again on Monday (19/9) for DAX
to then move down further South to the 61.8% FIB level of the up from 9161 to 10806 and the FIB extension level of 1.414% from 10806 down to 10093.
This scenario will become invalid should we have an opening and closing of a 4H candle above the weekly trend line
I urge readers to follow their own trading plan always. This is just my idea and as per usual, I may be interpreting things incorrectly. I wish you profitable trading.