Correction followed by a Bearish phase

The German benchmark is currently declining after reaching an all-time high at 20.348 and may continue to do so until finding bullish pressure from key support structures. The 19.124, 18.714, and 18.340 may be immediate key barriers that may put bullish pressure on the indice to retest the top as time progresses.

Upon reaching the top and failing to continue the upward movement, may lead the Dax declining further to 17k or 16.9k for support. However if price action fails to fall and stabilises above 20.6, this will potentially yield to continued growth.