DAX weekly chart and potential weekly option trade setup:
After a dynamic move downwards to the 100% extension level 8250 on Tuesday morning, a corrective retracement back to 8330 seems likely, with a test of this level and the upper channel limit. This could develop into a nice entry point, for a move down from 8330 to 8210 (127% Fibo-extension) or even lower to 8155 (162% Fibo-extension) or the island-gap from 8130 to 8085. Take note that there will be important U.S. news on Wednesday and Thursday that will likely move the markets.
Have a successful trading week, Tom
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