Dax to head lower?
The Dax had a really strong session on Friday despite the ongoing concerns about Deutsche Bank's future. We started on the front foot this morning and got to a high of 10,591 in the Dec '17 Futures. This was four ticks shy of filling the gap that was created on September 26 when we gapped lower.
Entry: sell below 10,590 (currently trading at 10,555).
Stop: above 10,620.
Targets: 10,430, 10,320 and 10,200.
Time horizon: two days to one week.
Daily candlestick chart – mind the gap:
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