The DAX has been weak in the last weeks. If the index is about to fall on the support at about 11.800 points we could have a S-H-S formation, with the neckline at this level. If the DAX would break through this neckline it could open a plummet to 10.060 Points. In fib retracements: the left shoulder started on 61.8%, the head was the last ATH (so 100%), the right shoulder found its high at the descending trend line, slightly above the left shoulder. The neckline would be the 61.8% - fib. Taken the difference between 61.8% (11.800) to 100% (13.600) in logarithmic scale and "mirrored" to the bottom we reach the fib retracement 23.6% (10.060).
This negative trend is confirmed by the indicators RSI and MACD.
There are several support lines to be broken: 1) swing trend line (actual level) 2) ascending trend line (dotted) 3) each fib retracement (without the 50% fib, cause it hasn´t had a value in the past)
Before positioning one should wait and see if the S-H-S formation will be formed or not.