Yesterday was another new low for GER30, but it still managed to stay inside the daily bullish channel. With -1160 from the ATH this bearish move down can almost be called a correction of -10% or more.
I did not have a look at the calendar for today, but if nothing interesting is happening i don't really see this go any lower today. Some sideways or bullish consolidation is in place, but if GER30 will actually bottom here is hard to tell at the moment.
I forgot to add the bearish short term trend channel again, but i'm still expecting that GER30 will make a stab at the top resistance of this bearish channel ~11600 this week, creating a new lower top.
I did not have a look at the calendar for today, but if nothing interesting is happening i don't really see this go any lower today. Some sideways or bullish consolidation is in place, but if GER30 will actually bottom here is hard to tell at the moment.
I forgot to add the bearish short term trend channel again, but i'm still expecting that GER30 will make a stab at the top resistance of this bearish channel ~11600 this week, creating a new lower top.