DAX (GER40) Is Still Brearish

Dax has taken a little different route. It has been consolidating but last week, it created a massive bearish engulfing candle. Which can push the price to the FCP zones below. If the first one fails we have an M pattern completion at the second FCP zone. Beware of a gap around 17200 level.

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Chart PatternsDAX IndexfcpanalysisfibonaccianalysisFibonacci ConfluenceGER30 CFDger40Harmonic PatternsIndicesTrend Analysis

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