XJO Weekend Charting and Chat - 23rd March 2018, page-18

Thanks for all the Likes and my first Great Analysis's!! Cool feature. Bonus chart below. A good general indicator of European market sentiment, bearish across the board.

The DAX has been completing its 2nd DCB since the earlier correction with a break below support at 11870, however yet without conviction. Weekly momentum remains INCREASINGLY BEARISH since late-Q4, with movement since mid-Q1. Next area of support is the 38.2Fib retracement near the 11720's. A probable move lower from here over the next several weeks.. IMHO.

The MACD formed a bearish down-cross during late-Q4, with the histogram under negative expansion since mid-Q1. Histogram had a break below supports and probably move lower from here. The Stochastic has been forming bearish lower-highs since late-Q4, entering overbought conditions. Also like pretty much all indices charts this week - descent steepened further away from the TL.

Commentary is in my opinion only.