Nov 9, 2016

[Evgenia Gencheva]

DAX fell 6.6% last night, which is not too much, I mean under my expectation. Already recovered more than half of the losses of its price.
For the afternoon, I expect test support to 10240.
Based on daily chart, we don't have a bottom, which means, that is possible retest of the current support 9960, even lower if we have breakdown.
I opened sell position at 10400.
In next 2 H4 candles we will see low test support in connection with forming bottom at this time frame.