DAX: Set to break its H&S top and target 10,500

The DAX index has slumped back to 11,700 - the neckline for a long term head and shoulders pattern

Scenario A) The neckline gives way to target 10,500
Scenario B) The neckline holds for another rebound into the consolidation before weakness resumes

Comment:

Neckline broken and pattern confirmed
If more downside from here - likely to be choppy ride