Will DAX break 12,000? Major support area ahead

I don't trade stocks but the price principles are the same across asset classes and once you understand how to read buyer-sellee dynamics, you will be able to interpret any chart.

The DAX broke it's 20 SMA a while back and is about to confirm the retest which is an important pattern.

A break of 12,000 would open the room for more downside and it could start a deeper drop.