DAX: Set to break its H&S top and target 10,500
The DAX index has slumped back to 11,700 - the neckline for a long term head and shoulders pattern
Scenario A) The neckline gives way to target 10,500
Scenario B) The neckline holds for another rebound into the consolidation before weakness resumes
Scenario A) The neckline gives way to target 10,500
Scenario B) The neckline holds for another rebound into the consolidation before weakness resumes
If more downside from here - likely to be choppy ride