The Dax started preparing its journey a few months already.
It left the highs area since last January, and calmly began to create a Descending Triangle in the next nine months.
The maturity of the bearish moment occurred last October when it was decided to break the 11700 support already tested in the month of March.
The PullBack, closing below that level, made clear the will of the German index.
To confirm this we had a wonderful Long Legged Doji Reversal candlestick pattern last week,
and the beginning of the continuation section with weekly closing under the MA200 leaves little doubt about the targets to be monitored for the future.
The 10800 level, corresponding to an S & R zone of 2016, is now within reach.
Then we will face 10300 which in addition to being the 38.2% Fibonacci level is also the primary target of the descending Triangle.
here is my morning fight
2x-15 ... here I probably should wait for better confirmation of bounce and false Breakout BRN and continuation to the south 2x+8 Edit:I'm sorry, it's been here already
Score improved +2x24