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Short

Down-Flag in full swing!

INDEX:DAX   DAX Stock Index
59 0 10
My former Analysis is abundantly valid and in full swing :-) Nice!

Reboundaction!

The market closed 4 days out of his BB - so the likelihood of a shortterm Rebound has to be exspected.
On the way up are based several resists.
-gap bottom edge @ 9.925
-old trendline @ 10.100
-38,2 fibo-retracement 10.220
-0,5 fibo @ 104.91
-the breakoutlevel from the former low @ 10.650

Should These resists hold, a bearish flag may be formed! This Szenario is thinkibla if the market does not rise above 10.490.

The target of the flag would be 8300!!!
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