DAX sold off lately.
Broke and closed below the daily up trend line and key support zone (red zone).
Next support level around 11000, which price stalled and hovered around yesterday.
In H1, there is a clear downtrend channel.
Option 1: Buy at rejection of 11000 and lower channel with target below 11160. (Counter recent momentum)
Option 2: Wait to sell at upper channel which coincides with the broken key support that may turn into resistance with first target above 11000.
Broke and closed below the daily up trend line and key support zone (red zone).
Next support level around 11000, which price stalled and hovered around yesterday.
In H1, there is a clear downtrend channel.
Option 1: Buy at rejection of 11000 and lower channel with target below 11160. (Counter recent momentum)
Option 2: Wait to sell at upper channel which coincides with the broken key support that may turn into resistance with first target above 11000.