rv

DAX(H4). Preparing for another Leg down ?

Short
rv  
FX:GER30   DAX Index
(Sorry For the misplaced zoomed View)
Broken 10/2/2015 Uptrend_Line and retested the line from beneath, 50 sma.

Found support on 50 Daily sma, 200 H4, and bounced, within potential Channel.
Daily RSI and MACD bearish divergence.

Breaking the horizontal support, targets AB=CD, triangle measured target, uptrend_Line.
Possibility for right Shoulder formation.
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