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DAX Gap is Still There but It Should be Closed

By:
Nenad Kerkez
Published: Dec 22, 2020, 08:56 GMT+00:00

DAX shows a gap but the price has been trying to recover. The gap might close today.

DAX
In this article:

DAX shows a gap but the price has been trying to recover. The gap might close today.

If the gap is closed we should see another potential drop. The POC zone sits exactly at the 88.6 and we can also spot historical sellers. It is close to W H3/ D H5 camarilla resistance. Watch for rejection in the POC zone 13650-13700. Targets are 13487 followed by 13256. However a close above 13800 will make the price bullish.

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For a look at all of today’s economic events, check out our economic calendar.

Cheers and safe trading,

Nenad

About the Author

Nenad Kerkezcontributor

M.Ec. Nenad Kerkez aka Tarantula is Elite CurrenSeas Head trader and a valued contributor to many premium Forex and trading websites.

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