Tuesday, December 22, 2020 6:30 AM EDT
DAX shows a gap but the price has been trying to recover. The gap might close today.
If the gap is closed we should see another potential drop. The POC zone sits exactly at the 88.6 and we can also spot historical sellers. It is close to W H3/ D H5 camarilla resistance. Watch for rejection in the POC zone 13650-13700. Targets are 13487 followed by 13256. However, a close above 13800 will make the price bullish.
The Analysis has been done with the Black Widow system.
Disclaimer: The opinions in this article are for informational and educational purposes only and should not be construed as a recommendation to buy or sell the stocks mentioned or to solicit ...
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Disclaimer: The opinions in this article are for informational and educational purposes only and should not be construed as a recommendation to buy or sell the stocks mentioned or to solicit transactions or clients. Past performance of the companies discussed may not continue and the companies may not achieve the earnings growth as predicted. The information in this document is believed to be accurate, but under no circumstances should a person act upon the information contained within. We do not recommend that anyone act upon any investment information without first consulting an investment advisor as to the suitability of such investments for his specific situation.
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