DAX30 Possibly Targeting 12050 Zone

Nenad Kerkez Top-XE

The DAX30 has made a break below the trend line and at this point it is still trapped below W L4 camarilla pivot. POC 12300-325 is the first POC zone that could initiate fresh selling if the price retests it. POC2 12500-520 is the POC2 with a very strong bearish confluence. However, we might see a direct drop without any retracement to POC zones. In that cast the target is 12045-65 zone. Watch for counter trend moves and potential buyers within this zone.

Author

Nenad Kerkez

Top-XE

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