DAX: Strong longterm decline is starting to 20,000DAX IndexXETR_DLY:DAXInvestingScopeDAX turned neutral again on its 1D technical outlook (RSI = 54.994, MACD = 86.100, ADX = 28.868) and is about to do the same on the 1W RSI too (55.554), even though it remains above the 1W MA50. Inside its multiyear Channel Up, this is a standard long term peak formation, especially when coupled with the 1W RSI LH bearish divergence. Structurally, the current peak pattern looks more similar to 2018, which ended in a -25.09% total decline. Expect a similar bearish wave to start and test the 1W MA200 minimum, TP = 20,000 on the 0.5 Fibonacci level of the pattern. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##