Germany’s DAX index has violated trendline rising from the March low.
Immediate outlook stands neutralized.
Index is trapped in a symmetrical triangle.
Lower end of the triangle is seen at 10,265. Acceptance lower would confirm bearish reversal and could yield a pullback to levels below 10K, possibly to $9,337.
May be we are going to see another wave of selling in May as daily charts of most major indices show bearish reversal patterns…