(short in progress) week21 Dax D1 resisted at 10000 psy level more downside


A huge bear flag has been formed over the past few months, in line with the emerging bearish downtrend.
Current price is on the verge of breaking this bear flag and for more downside.

week21 Dax30 D1 resisted at 10000 and breaking bearflag 180516

in the lower timeframe, a week to week successive downtrend is already in progress. Nearing the trendline, sharp price actions can be found near the 10000 level resistance. Price is likely to resume downtrend this week, with 3 more trading days to go.

week21 Dax30 h4 bearish trappedtraders 180516