DAX 2nd round of Bear Cycle selling begins.Germany 40TRADENATION:DE40TradingShotDAX (DE40) has formed the exact same Lower Highs peak pattern that was present on every one of its last three major Bear Cycles since April 2015. A common characteristic on all those Bear Cycles is that they bottomed after hitting the 1W MA200 (orange trend-line). DAX hasn't touched the 1W MA200 in 3.5 years (since October 2022) and that is abnormally long. As a result, as long as the Lower Highs formation holds, it is historically likely to see the index correct to at least its 1W MA200 and possibly conclude the first Bear Cycle since 2022 there. A fair Target estimate towards the end of the year would be 20500. Notice also the fairly similar structure of those Bear Cycles. First the 1W MA50 (blue trend-line) breaks and a first Low is made on or around the 1W MA100 (green trend-line). A rebound takes place there to test the 1W MA50 as a Resistance and then move for a Lower Low on the 1W MA200. So far on the current structure, we have completed the 1W MA100 bounce and are currently on the 1W MA50 Resistance test. A 20500 drop would also test the 0.5 Fibonacci level of the long-term Channel Up, consistent with the minimum % decline of those previous Bear Cycles. --- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** --- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇