PEPPERSTONE:GER40   German 40 Index
After price broke structure to the downside, it retraced and retested a supply zone before preceding to break further structure with momentum. Before it broke the latest low, it formed liquidity right below a golden zone that it is currently retracing towards. It is this liquidity that it could use to fuel it's move to the downside to take out the latest weak low since it is now confirmed that price has just shifted to a bearish overflow.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.