Dax index has reached a critical confluence support area medium term, made up of a trendline going back to oct 2014 the Yearly R2 and the lower Kumo Cloud band. Perhaps there will be another leg down to confirm the trendline test (as well as the R2). It will be a natural place for bulls to step in again and bear speculators to take profit off the drop. Another leg down with a spike to test the Monthly S1 around 11000, would be ideal from a technical point of view, to look for an long entry. A daily close below the Kumo Cloud, however will give a Bearish Kumo Break Signal, for short entry. A close below the Monthly S1, will be an additional confirmation in a bearish set up.