Dax...200 point fall?

Possible short from the 7255 zone which would allow for a tight stop. Some nice targets to be aiming for if you open more than one position. The fibs line up nicely with the S&R zones.

On the daily were just entering the cloud and on the 4 hourly were at the bottom of the cloud with a bearish slant.

Nice p&f target now active on the daily targeting that 38.2% retracement.





All the best,
M.

200 point fall complete...lock in profit if you took the trade or move stops accordingly

strong uptrend at present so risky, but this could fall 200 and still be within strong uptrend....7180 would give good risk/reward entry for long? (tight stops incase it breaks out early