Key support 11200 didn’t hold and price just went to free fall. We had 2nd day of sell off today in equities on global scale also Oil plumed to new lows.
DAX sell slighty under October lows and still we missing ingredient for rally
Maybe mentioned in Weekly chart combination on Brexit / Thanks Giving / Black Friday finally get us moved.
With Thursday US markets off for holidays perhaps tomorrow we will se all ready profit take from that short positions, boosted by retail at Black Friday.
So keep eye on potential start of rally!
Weekly chart: https://www.tecet.net/?p=1565
Sellers still looking to establish new low most likely under 11k mark
Targets 11000 / 10925 and 10830/560 in extension
Media playing fear chase game in favour of Bears but don’t forget best deals can be done when market is in panic and retreat.
Even my Bullish sentiment seems failing so far this week as was looking for key support 11200 to hold, I’m still interested in good buy opportunity. Testing Long on today lows and will try for more if we have a dip.
This pain will be over and very soon, wait it thru to the end and make best deal ever. Good luck!