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German Index

Personally, I expect and will continue to hunt for Dax to descend to the level marked in the picture. The place where I am going to watch the price in particular is the 15500 level because it is a reduced OverBalance. If we look closely, the current trend movement is characterized by corrections that are several percent smaller than the previous ones. So we can assume that this will also be the case here. In the image from the H1 time interval, I showed the range that I expect in the event of a price drop. The next picture shows what the condition must be for me to start looking for short positions on the M1 chart. Please note that I do not come in before 8 am European time, so the situation may still change by then. Should the level shown above be broken and a return to new local highs, the position will remain in line with the ongoing trend.

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