Important decision at Friday's low.
W1 chart
The DAX / DE30 gave up the week's gains, slipping below the 78.6% retracement and approaching the previous week's low. A break to the downside could trigger a stronger correction. The areas from 14,742 and 14,146 points (imbalances) should be more interesting for buyers again.
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Source: xStation5
D1 chart
The critical zone from 15,578 points (see rectangle), which was created by Friday's decline, is respected. The index has dipped into this zone three times in the past three days. Will the bears confirm the short-term downtrend by breaking below the low at 15,204 points?
Source: xStation5
Maximilian Wienke, CFTe
XTB Germany
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