During yesterday's session the German index DAX (DE30) broke above the local downward trend line, which heralded a further upward move. Nevertheless, after the failed attack on the major resistance at 14,000 pts, sellers took control and we can see a dynamic pullback. Looking at the H4 interval, the price is testing the aforementioned trendline (marked in purple), which should provide a short-term support. However if break below occurs, the next support lies at the 13,850 pts level, which is marked with the lower limit of the 1: 1 structure. In turn, the final support seems to be the zone at 13,800 pts, the negation of which may lead to a greater sell-off.
DE30 interval H4. Source: xStation5
