DAX preparing the next Leg down to the 1W MA200.Germany 40TRADENATION:DE40TradingShotDAX (DE40) has been consolidating for the past month within the 0.618 - 1.0 Fibonacci range of the bearish pattern. As long as no new High is made, this is technically a Lower High and the end of April's ceasefire and earnings led Bullish Leg. The previous Bearish Leg targeted and found Support on the 1W MA100 (red trend-line) and 1.382 Fibonacci extension (from the previous Low). If we take the same measurements on the current Leg, we see that the new 1.382 Fibonacci extension is at 20600 and can make contact with both the 1W MA200 (black trend-line) and the bottom of the pattern by October. --- ** 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. ** --- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇