Quick Technical Overview - DAX Index: bearish breakdown to be continuing

Weekly price is on bearish market condition: the price broke Ichimoku cloud from above to below with the bearish breakdown which was started in the beginning of August this year, and it was stopped by 9316.5 support level in the bearish area of the chart.

• Chinkou Span line is located to be below the price and indicating the bearish breakdown to be continuing.
• 'Reversal' Senkou Span A line  (which is the virtual border between the primary bullish and the primary bearish on the chart) is located far above the price for any possible bullish reversal in the near future for example.
• Absolute Strength indicator is estimating the bearish trend.
  

If W1 price will break 9316.5 support level on close W1 bar so the primary bearish trend will be continuing.
If not so the price will be ranging between the levels.

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