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Dax – Breaks Key Support, Bearish Below Corrective Structure | Sep 22

Dax – Breaks Key Support, Bearish Below Corrective Structure | Sep 22

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German Dax – Breaks Key Support, Bearish While Below Corrective Structure (4hr chart)
Today the key German Index broke below the corrective structure base and key support around 9813. This further turns the risk to the downside and suggests and attack on the flash crash lows around 9340.

From there I’m expecting some short-covering and profit taking from the bears, but IMO the price action is bearish while below 9813 and 10,000 on a daily closing basis. Hence keep looking to short while below here.

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I'm Chris Capre, Founder of 2ndSkiesForex. I help traders of all levels change the way they think, trade and perform. As a professional trader, I specialize in trading price action. As a teacher, my passion lies in showing you how to re-wire your brain for successful trading. Want to improve your edge right now? Visit my Price Action Course page.

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