10% Correction - COVID 2nd Wave - SHORT DAX
- PRICE IS AT SUPPLY ZONE WITH LOW UPWARD MOMENTUM
- HEAD AND SHOULDERS PATTERN ON 4H
- PRICE AT APEX OF WEDGE (4h)
- SELLING PRESSURE PRESENT AFTER 78.6% RETRACEMENT (4h)
- FIRST LINE OF DEFENSE = MINOR SUPPORT 7% DOWNSIDE
- FINAL TARGET 10% ON CONFIRMED SUPPORT
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COVID UPDATE:
- FRANCE, POLAND, NATHERLANDS AND SPAIN, STARTING TO SEE EMERGENCE OF 2ND WAVE
- UK 2ND WAVE COMING IN HOT
- EASTERN EUROPE SEEING SECOND WAVE
- HEAD AND SHOULDERS PATTERN ON 4H
- PRICE AT APEX OF WEDGE (4h)
- SELLING PRESSURE PRESENT AFTER 78.6% RETRACEMENT (4h)
- FIRST LINE OF DEFENSE = MINOR SUPPORT 7% DOWNSIDE
- FINAL TARGET 10% ON CONFIRMED SUPPORT
-----X------
COVID UPDATE:
- FRANCE, POLAND, NATHERLANDS AND SPAIN, STARTING TO SEE EMERGENCE OF 2ND WAVE
- UK 2ND WAVE COMING IN HOT
- EASTERN EUROPE SEEING SECOND WAVE