German DAX has an inverted head and shoulder’s setting up.

If you are positive on “risk” the German DAX is set up with an inverted head ans shoulder’s pattern. The top of the head found support near the spring lows and also the 127% extension of the summer highs and forged a low near the 11250 level. Now a break of the neckline at 11857 could allow for a move higher back towards the 12200 level.

Steve Voulgaridis