Bandarsq
Short

DAX is to Confirm its Bear Cycle

FX:GER30   DAX index of German listed shares
A major up trend is to be tested while forming the right shoulder. GER30             is about to enter a bear cycle if it hasn't already.
Comment: Possible H&S on daily chart.
snapshot
Comment: H&S Breakdown (Green). DAX targets lower levels to form the right shoulder (Blue).
snapshot
Comment:
snapshot
does it mean if ger30 in bearish, EU will sell on rallies?
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Bandarsq PRO simple_fxschool
Correlation is there but I wouldn't rely on it.
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