DAX30 Bears Fully Controlling the Market

2 min read
tarantula fx

tarantula fx

Head of Trading

Dear Traders,

Dax30 is in a heavy downtrend caused by a negative sentiment due to corona virus. Equities are dropping in sync and DAX is no exception.

If the market makes a bounce towards 12820. We might expect another sell. Watch for a bearish candlestick pattern in the zone 12800-20. Rejections off the zone will target 12715 and 12508. The projected low is 12138, so pay attention to a possible drop towards 12150 zone. As long as 12871 (bearish order block) holds, the DAX is strongly bearish.

The analysis has been done with the CAMMACD system.
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Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

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