Technician

Channelling the DAX (UPDATE 2)

FX:GER30   DAX index of German listed shares
377 0 12
Update: A break below 8981 would confirm a short to medium term top for me, as price will also settle back within the main long term rising channel after breaking it earlier. My main target at 8140 major resistance-turned-support level

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Earlier Anlysis(
Channelling The DAX (Update)
): The chart is an illustration of multiple medium to long term potential channels. Are we nearing a long term top? or will break higher and draw a new secular bull trend.
DAX             entered a period of sideways correctional bias following my latest update(
Channelling the DAX Index (update)
), as price fails so far to decisively break the ceiling of the multiple channels, RSI is showing a clear bearish divergence, price action looks a bit toppy             , so are we nearing a medium term top?

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