carman

DAX is topping in consolidation zone.

FX:GER30   DAX index of German listed shares
Today Dax             is down to it's first support zone 9880. Last 4 weeks Dax             is consolidating in a 155 points zone.
For the 5th time we get in the 9880 zone. From here there are 2 options. Support maintain and DAX             go futher upside again (10050 top). Other option is a break from the short trendline and 9880 supportline. This brings DAX             to next support level 9800. There is still 400 points downspace before we break the 2011 trendline . Only after breaking this trendline DAX             get in downtrend zone.