DAX: H&S targeting 22,600Germany DAX 40 IndexICMARKETS:DE40InvestingScopeDAX turned strongly bearish on its 4H technical outlook (RSI = 35.762, MACD = -63.900, ADX = 35.615) as it's on a 2day decline following the 4H MA50 rejection. Now it faces the 4H MA200 and the May 4th Low Support, which is the Support of the H&S pattern. If broken, the standard technical target on H&S patterns is the 2.0 Fibonacci extension. On the back of a 4H MACD Bearish Cross, the 2.0 Fib (TP = 22,600) can get hit by late next week - 2 weeks. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##