Today Dax is down to it's first support zone 9880. Last 4 weeks Dax is consolidating in a 155 points zone.
For the 5th time we get in the 9880 zone. From here there are 2 options. Support maintain and DAX go futher upside again (10050 top). Other option is a break from the short trendline and 9880 supportline. This brings DAX to next support level 9800. There is still 400 points downspace before we break the 2011 trendline. Only after breaking this trendline DAX get in downtrend zone.
For the 5th time we get in the 9880 zone. From here there are 2 options. Support maintain and DAX go futher upside again (10050 top). Other option is a break from the short trendline and 9880 supportline. This brings DAX to next support level 9800. There is still 400 points downspace before we break the 2011 trendline. Only after breaking this trendline DAX get in downtrend zone.