Last week I warned that it is crucial for
DAX
to hold key support level of head and shoulders formation. After it was lost on Monday, index has experienced almost non-stop bleeding, in less than 3 days losing around 8%.
As DAX is approaching June lows, it is reasonable to expect some sort of stabilization in the upcoming days. If not, however, things could really get out of control (enough to remember what happened in Feb/March), so act accordingly.
DAX
to hold key support level of head and shoulders formation. After it was lost on Monday, index has experienced almost non-stop bleeding, in less than 3 days losing around 8%. As DAX is approaching June lows, it is reasonable to expect some sort of stabilization in the upcoming days. If not, however, things could really get out of control (enough to remember what happened in Feb/March), so act accordingly.
