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VanSteenMarketResearch

Potential bearish outlook for the DAX

Short
Germany 40 CFD (FOREXCOM:GER40)  
VanSteenMarketResearch  
FOREXCOM:GER40   Germany 40 CFD
Chart Patterns Head and Shoulders Candlestick Analysis Bearish Patterns short DAX Index bearmarket sellsignal
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chartpattern headandshoulders candlestick bearish short dax bearmarket sellsignal
The DAX is showing a significant area of rejection between the 13000-13500 area

If this monthly candle closes like this, price is likely to drop
What might potentially happen:

- Price goes down and breaks the neckline, heading towards 10000 zone

- Respect the level and bounce back towards the 13000 level
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