DAX30 Technical Analysis And Trade Update
Short at 12538 Bearish Cypher Harmonic Pattern
TP1: 12200 TP2: 12080 – Achieved –
Monday Asia Opening:
Stocks fell as the worldwide death toll from coronavirus topped 500,000 and US officials warned that the window to halt the pandemic’s spread across America was closing.
Some investors are concerned that a recent rally in stocks based on hopes of a strong economic rebound following the pandemic may have gone too far.
Bearish Triangle on the bigger charts.
Trade: Short @ Trendline breakout at 11.950
The first target of the trade 11.750 – Bullish Cypher for a minor retracement.
The second target is 11.600
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