(15 OCTOBER 2018)DAX:The downside prevails.

Pivot (invalidation): 11670.00

Our preference

Short positions below 11670.00 with targets at 11400.00 & 11210.00 in extension.

Alternative scenario

Above 11670.00 look for further upside with 11750.00 & 11810.00 as targets.

Comment

The RSI is capped by a bearish trend line. The index is trading in a bearish channel.

(By Swissquote TRADING CENTRAL)