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the index closed bellow 10-21-50 moving average ..
i thing the next bond with problem will be the german and will turn to positive territories ...and would be painful for the dax....
first target is the down line from square .
I opened short position because I observed that perhaps we will have reversal at this point due to the following reasons :
candle lower low from yesterday and it is already to move out from uptrend channel and shape another one eliot wave.
At previous trading channels the fibonacci is 98% accurate and I believe the stock will decline for a little at fibo supports...
For third consecutive trading day there are huge demand at days lows and made great support for now.
The stock price now has PT for first phase the red line of fibo resistance ..
I bought it again at todays lows ..