DAX Gap is Still There but It Should be Closed

1 min read
tarantula fx

tarantula fx

Head of Trading

Dear traders,

DAX shows a gap but the price has been trying to recover. The gap might close today.

If the gap is closed we should see another potential drop. The POC zone sits exactly at the 88.6 and we can also spot historical sellers. It is close to W H3/ D H5 camarilla resistance. Watch for rejection in the POC zone 13650-13700. Targets are 13487 followed by 13256. However a close above 13800 will make the price bullish.

The Analysis has been done with the Black Widow system.

Good trading,
Nenad Kerkez

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