Fr4ncesco

DAX close a deeper gap and jump

Long
Fr4ncesco Updated   
INDEX:DEU40   DAX PERFORMANCE-INDEX
In my previous idea I imagined the DAX jumping immediately after closing the gap at 12090. That idea is based on the sentiment that the markets are still strong and this is just a short "break" before continue to rally.
In this view I imagine a second scenario. If my first Idea fails, then is possible that DAX goes to close another, older, gap at 10780. I see a lot of interesting stuff on that level. Previously it was a strong middle term resistance (summer->autumn 2016) that now can be a solid resistance. According to the decreasing ratio in the past months and year, if DAX goes down it will reach that level and that gap exactly where also a mid-long term resistance trendline is passing. Jumping from here will confirm a middle-long term bull trend.
Comment:
I made some typo, sorry.
FIX: "...and now can be a solid support..."
FIX: "...where also a mid-long term support..."
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