DAX accelerated sharply on Friday after China announced its definitions by 34 % on American goods, which increased expectations in the short term.
The index fell nearly 5 % on Friday and the correct path of a weekly loss of 7.5 %, which is the largest in more than a decade.
The basic conditions are similar to improvement soon but can deteriorate and fuel expectations for more losses.
The reflection pattern has been completed and rose to the top of the left on the daily chart, with the formation of multiple bear cells (10/20/30/30dma) with approximately 10/55DMA on the verge of forming another bear cross.
The weekly closure below supported fibo in 21021 (38.2 % from 17021/23493 Uptrend) to contribute to negative signals.
The approach of the next approach bears in 20257 (50 % violation) is a violation that displays 20,000 (psychological / 200DMA) regions.
The extended height should remain under a broken base of the dense Ichimoku cloud (21309).
