After almost 2 years of consolidation . DAX is currently in Mark Down phase. Index broke a significant upward trend line last week. We will expect Mark Down continue towards 1st objective 9,800.
9,800 target was established based on:
- 2.168% Fibo projection
- Previous Resistance-turned-support
- Whole Number (Close to 10,000)
9,800 target was established based on:
- 2.168% Fibo projection
- Previous Resistance-turned-support
- Whole Number (Close to 10,000)