Quick Technical Overview - DAX Index: waiting for direction

Weekly price is on ranging market condition waiting for direction: the price is located inside Ichimoku cloud between 'reversal' Senkou Span lines which are the borders between the primary bullish and the primary bearish on the chart. The price is located within the following key reversal support/resistance levels:

• 11802 resistance level located above Ichimoku cloud in the primary bullish area of the chart, and
• 9883 support level located below Ichimoku cloud in the primary bearish area of the chart.
  

Symmetric triangle pattern was formed by the price to be crossed for direction.

If the price will break 9883 support level so the bearish trend will be started up to 9298 level as the nearest bearish target in this case.
If the price will break 11802 resistance level on close bar so we may see the bullish reversal of the price.
If not so the price will be on ranging within the levels.