DAX A BIT SHARP FOR A MAJOR TOP?

 In DAX

Well, it is no secret and surprise that DAX is very volatile. The recent drop on the index is though a bit sharp chart pattern wise. Below a 1D DAX chart

DAX 1D CHART

Almost exactly one year ago there was a quite similar drop on DAX as we have now seen. The drop started very sharp and then a rebound / range trading before the crash to ~5000 points.

I’m not saying that we will see such a crash once again but the recent sharp drop on DAX is almost (so far) similar to the one last year. So the question is, rebound here and how far..?

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