We had two sell zones - 11,000 (structure and 200 line) and 11,400 ( completion.
The anticipation that Draghi will fire his Bazooka pushed GER30 beyond the 200 line and the strong of 11,000 and it completed the just before the ECB press conference.
On last Thursday, the day of the ECB, GER30 rallied 1% to create a Kiss of Death setup just before it crashed into First target zone
Now, as the price is again below the 200 line and below 11,000 (also below it's downtrend line), I expect continuation lower towards secondary target zone near 10,200.
In the chart you can see potential R/R
*Due to the coming FOMC meeting, I expect higher from stock markets indices.
Tomer, The MarketZone
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61.8 Fib level
Broken trading channel bottom
11,000 is the technical sell zone and 11,200 is the zone's top, but notice where you're stop loss should be.
If you accept the potential risk, technically I really like this setup.