As indicated on our previous Dax analysis as the index consolidated below 13,000 on fears of a 2nd wave of the coronavirus it has since dropped rapidly below key support at 12,000. Therefore we hold our short view as we expect further downside below this level in the coming trading sessions in particular given the increased uncertainty due to the US election on the 3rd of November.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.