The German DAX rejected channel resistance.

The DAX had a strong reversal ahead of the 78% retracement when it was trading at channel resistance as the daily RSI registered extremely overbought the last few sessions. Key support zone will be at the 11730-11850 level which has acted as a key level of interest for both bulls and bears since the spring of 2018. If we hold that area the recovery remains alive while a break lower can even point technically to a new low (below the December one).

DAX Daily Chart

Blake Morrow