Dax may fall to 13330.00 - 13720.00
Our preference
Short positions below 14600.00 with targets at 13720.00 & 13330.00 in extension.
Alternative scenario
Above 14600.00 look for further upside with 15070.00 & 15740.00 as targets.
Comment
As long as the resistance at 14600.00 is not surpassed, the risk of the break below 13720.00 remains high.
Our preference
Short positions below 14600.00 with targets at 13720.00 & 13330.00 in extension.
Alternative scenario
Above 14600.00 look for further upside with 15070.00 & 15740.00 as targets.
Comment
As long as the resistance at 14600.00 is not surpassed, the risk of the break below 13720.00 remains high.