Monthly basis: I think that from the December high all indices will fall, so - in order to get short on the DAX - I wait until it has reached the resistance zone between 16134 & 16269 in December. First weekly closing below 15764.44 would confirm the short trend! The 3 yellow circles are TP levels. If the pressure to sell continues in the medium term, we could see 9610 by mid-22 at the latest.