EmmanuelDuru

DAX heading towards bearish break

Kort
FX:GER30   DAX index
As we can see, there is an ab=cd move on the 1hr timeframe that has confirmed it by hitting the 618 fib retracement. We should be looking for a break of the 9791 support to target of 9600. If really aggressive then 9455 is a good target but first and easy target is 9649 then 9600

Also on the 5min, we can see a head and shoulder forming and gives more signs to sell plus the kumu break on 1 hr as pointed

Tell me what you guys think....thanks

It just broke the support.
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