Germany is at very
critical stage, the closing price of this week will determine whether German
Stock Market will get into bearish trend or not. Yesterday the market broke a
very strong support level and it currently it is being controlled by daily
timeframe.
If the price holds the resistance level at
10369 for the upcoming three days, there is a high probability of going bearish
and targeting the next major support at 9636 … However, there is a small window
for 3 days to avoid the bearish sentiment and break the resistance and it all
depends on the daily timeframe … after that it will be very difficult since all
daily, weekly and monthly traders get along and their expectations will be
unified to go bearish.
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