The contract based on the German DAX index (DE30) opened today with a massive bearish price gap. Despite strenuous attempts by the market bulls and a significant recovery, the gap has not been closed. Looking at the M15 interval, the key resistance zone is located at 14,320 pts. It seems that as long as the price sits below, there is a chance for a continuation of the downward movement. Nearest support in the form of the upward trend line (green line), and the lower limit of the 1: 1 structure at 14,136 points should be taken into account. If the geometry marked with the blue rectangle is negated, the sell-off may intensify.
DE30, M15 interval. Source: xStation5
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