Nov 9, 2016

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Nov 9, 2016

Post by Evgenia Gencheva on Wed Nov 09, 2016 12:35 pm

DAX fell 6.6% last night, which is not too much, I mean under my expectation. Already recovered more than half of the losses of its price.
For the afternoon, I expect test support to 10240.
Based on daily chart, we don't have a bottom, which means, that is possible retest of the current support 9960, even lower if we have breakdown.
I opened sell position at 10400.
In next 2 H4 candles we will see low test support in connection with forming bottom at this time frame.

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Evgenia Gencheva
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