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TheRealPeaches

DAX: Neckline Break

Short
Germany 30 (OANDA:DE30EUR)  
TheRealPeaches  
OANDA:DE30EUR   Germany 30
Trend Analysis Chart Patterns DAX Index dax30 dax30short germany30 germany GERMANY 30
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trendanalysis chartpattern dax dax30 dax30short germany30 germany de30eur
I have been watching the DAX H&S form for a while now. This pattern has now been confirmed with a break and weekly close below the neckline.

A descending neckline indicates fundamental weakness and could imply a swift drop.

I am short with a first target in the 10,700 area, and my ultimate target under 10,000.
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