Technical Alert! Germany's DAX30

DAX30 is trading almost 1.5% lower on the day. Looking at the chart from a technical point of view, one can see that the index is painting a double top pattern.

If the current sentiment prevails, the index may drop towards 10,200 or even 10,000 pts this week. The lower level  is strengthened by the Overblance structure. If we see a break lower, the downward move could accelerate.

DAX30 H4 interval



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