DAX - Fibonacci Target this week

On Friday close, markets, especially SPX, left us with the impression that equities were tired and this is largely what the market media are relaying.

New month, new energy, PMI's could be good, WTI seems to show willingness to climb a bit... Maybe there slightly more on the DAX and SP500 could climb back in the middle of the range.

There is an interesting target on the DAX at 11088 that can't be reached before the 6th of Feb.

I am not suggesting to go long as it is getting rather dangerous but shorts might consider scaling until dax reaches that potential target.