Possible Trend Change?

FX:GER30   DAX Index
Very simple trend channel chart. We said it'd touch 10650 before rebounding to test the bears @ 11420 area. Dax has successfully done that now. Make or break next week. A rejection of the the deal proposed will see the dax see a huge sell off to that 11320-450 area where there is horizontal support and trend support. It was also a previous breakout areas. However, if that 10650 was to be the bottom we'll see an initial rally possibly to that 11620-11680 area but the bulls would have to be tested (blue line)


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