DAX INDEX LONG TERM OUTLOOK NOT LOOKING GOOD!

Looking at the weekly chart for DAX index, it is looking really bearish at the moment and could be heading to 9903. The index can temporarily rally to 12233 where much bears are waiting to send it downward again. This time around, there will be no escape route until it kisses between 10282 and 10685. Bulls at this zone likely to make the index rally short term before its journey to 9903.

Both short and long trades are available for DAX index on this weekly chart:

Short Trades
- 1: Index breaks below 11253
- 2: Index rallies but not violate 12647 high
- 4: Index rallies making a lower-high to (2)

Long Trades
- 1: Index rejected at 11253
- 3: Index rejected between 10282 - 10685
- 5: Index rejected at 9903

PLAN YOUR TRADES AND TRADE YOUR PLANS