brianhimmelstrupnielsen

DAX bearmarket target set from 6 september 2015

Short
FX:GER30   DAX Index
As i see it, 9620 was the 61,8% retracement level, with a possible target for DAX bearmarket at 5135..or 5100-5200 area.
My first target was around 5442, but this seems more realistic.
That would be approx 58,5% drop from dax top i 12400.
That is within "normal" bearmarket drops.
6 september 2015.

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