DAX - buyers need to step in

Since June DAX performance is flat, but index is potentially forming head and shoulders structure, which would be triggered if strong support level (tested once again yesterday) would not be held.

In the upcoming days bulls may have the lead, but if in the end DAX dips below yesterday's low, acceleration to the downside may happen fast and probability of index losing 5-10% in short period of time would become quite significant.

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After support breakdown, DAX has lost more than 7% in 3 days. Probably we should expect some stabilization soon, but if not, things might really get out of control from here