Ok, this might work out. If DAX would have broken that downward channel's upper trend line around 12300, then I would say you could have gone LONG. I think this index still wants to retrace a bit, so that it could shoot higher later on this year For today, I think we could see some more selling and we could close that Monday's gap. Aiming for 12047 initially, and then we'll see, maybe I will keep for a bit longer.