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DAX Index 22 January Update

Index give up close to 200p in order to ease overbought conditions. Right now we watch for support near 10970 previous consolidation zone.

Support at 10970 will help price get back to retest 11250 and push Index towards next resistance at 11500/630 and main downtrend near 12k mark (11915)

“Optimal” consolidation price action for 2 more legs higher with 11915 as target

Fail in support at consolidation zone can push price towards 10850/700 and 10670. Situation can get worst and price action reach bottom of rally.

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