DAX INDEX: Bearish Forecast for XETR:DAX by VasilyTrader — TradingView

Trend Analysis Chart Patterns Wave Analysis DAX Index indexes Stocks dax30 futures S&P 500 (SPX500) nasdaq NASDAQ 100 CFD dowjones

trendanalysis chartpattern waveanalysis dax indexes stocks dax30 futures spx500 nasdaq nas100 dowjones

snapshot

dax index is approaching April's high.

ugly triple top pattern was formed on 1H chart confirming the significance of the underlined resistance.

today the price dropped nicely, closing below 10985 minor support.
now we see a retest.

based on that I expect a bearish continuation.

goals:
10785
10690

good luck!

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