The German DAX shot to a 1-year high at 15657.1 on Thursday, Feb 9 but ended the day as a shooting star. This is potentially a bearish reversal signal. If so, there is a lot of downside potential in going short this index.
In the daily time frame, the nearest significant demand area is located between 13687.75 - 13809.58, established last December.
#1 Sold @ 15462.49 Fri, Feb 10, 02:50am.
#2 Sell Limit @ 15517.00. Sold @ 15524.59 Tue, Feb 14, 09:33am.
Stop @ 15662.00
Target @ 13810.00. Amended to 15220.00. Fri, Feb 17, 11:46am.