Dax Short, getting in position for the US election
The Dax tried the last couple days to reach the old yearly high but couldn't close over the high of August at 10800.
I expect the price to fall towards the support at 10500/10450.
I'm expecting the price to rest in the range between 10350 and 10750 until we know who the next US President will be.
I see a breakout and close over 10860 bullish ----> Target 11500.
A breakout and close bellow 10350 is bearish -----> Target1 9800 -----> 9200
I expect the price to fall towards the support at 10500/10450.
I'm expecting the price to rest in the range between 10350 and 10750 until we know who the next US President will be.
I see a breakout and close over 10860 bullish ----> Target 11500.
A breakout and close bellow 10350 is bearish -----> Target1 9800 -----> 9200
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5 min Chart looks fine for further down movement.
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Nice bearish movement.