Germany DAX Expecting Mark Down towards 9,800


DAX

After almost 2 years of consolidation . DAX is currently in Mark Down phase. Index broke a significant upward trend line last week. We will expect Mark Down continue towards 9,800. 

9,800 target was established based on: 
- 2.168% Fibo projection 
- Previous Resistance-turned-support 
- Whole Number (Close to 10,000)