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powerintegral

DAX at important resistances, expecting a correction

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DAX PERFORMANCE-INDEX (INDEX:DEU40)  
powerintegral  
INDEX:DEU40   DAX PERFORMANCE-INDEX
DAX Index Equity europe Bearish Patterns short Fibonacci Elliott Wave
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dax equity europe bearish short fibonacci elliottwaves
The German stock index DAX is at important Fibonacci resistances and momentum overbought area. We are expecting a down wave corrective movement towards the 10160 area, max 8920.

Only a new weekly close above 12 220 would invalidate this bearish view.
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