#DAX sharp retracement. H4 chart CATO 30MinuteTrading indicators gave the alerts. See rising support and resitance lines. We are in a wedge going back to 8th July. The tightening of the wedge has been broken, so the lower support line is now in play. This could now spin two ways, as ever. A break out of the top would indicate higher, but my concern is that this may be a H4 bear flag in the making, and shorts would be in order with a pullback to support at 10700 or so?

Oil and Copper are both down on the day, and both in a strong downtrend, another very bearish sign.

If you are long on #DAX, it will be advisable to be wary.

Disclaimer and risk warning CFTC 4.41; T&C; smallprint