DAX (a 4-hour chart)
European stocks moved lower on the growing concerns over the U.S. presidential elections. Negative A.P. Moller-Maersk earnings report weighed on the stocks as well.
DAX index gapped higher at the open on Wednesday. However the price did not extend a bid tone and immediately turned lower after the gap. The index filled the gap in early
The MACD indicator continues consolidating within oversold levels. The RSI indicator is near undervalued territory, favoring a new move lower.
A move below 10400 will open the way towards 10350.