Source: Admiral Markets MT5 with MT5SE Add-on
Overnight, the Dow Jones was sold heavily, whilst most Asian Indices rose from their interim lows quite strongly. The move also spiked the GBP/USD. Technically, the Dax should be poised to rise this morning, as we can see the retail gap (red highlight). Rejection might happen close to order block/ M Cm -12119 and POC – 12220-245 if the price retraces further. Targets are 11933, 11868 (if the trend line breaks) and 11646.
W L3 – Weekly Camarilla Pivot (Weekly Interim Support)
W H3 – Weekly Camarilla Pivot (Weekly Interim Resistance)
W H4 – Weekly Camarilla Pivot (Strong Weekly Resistance)
M H4 – Monthly Camarilla Pivot (Very Strong Monthly Resistance)
M L3 – Monthly Camarilla Pivot (Monthly Support)
M L4 – Monthly H4 Camarilla (Very Strong Monthly Support)
POC – Point Of Confluence (The zone where we expect price to react aka entry zone).
