Dax trading in a falling trend channel
- Dax did not break upper falling trend line in falling channel
- German index seems to be still in bearish mode
- If Dax closes above 10,650 a test of August/September double tops is possible
Worth to notice that on September 22 when the Index peaked above 10,700 it didn't manage to close above the 60 threshold on RSI indicating Dax is still in bearish sentiment after its close below 40 September 16.