DAX 30 channel stronger than breakout pattern

As I mentioned earlier, Larger Channels are generally stronger than breakout patterns. The DAX 30 has been in a strong downtrend since 5 Jan which isn't slowing down any time soon. We can expect another bounce to around 13,064 before it turns down and makes new yearly lows to around 11,620. Thank you for the trading analysis suggestion, let me know if you need anything else

Kommentera:

Also the RSI is showing lower highs and is also showing a bounce up before downside... This is why the current international markets are very difficult to trade at the moment.