Just a quick update for a meaningful Dax movement I was expecting for. The head and shoulder pattern unfolded breaking the neckline at 11700 and at the same time a medium term upward channel (1). Support has been found at 11400 where the 200 days simple moving average sits (2). Those are now the boundaries. Pattern can be negated but given the reliability track (head and shoulder pattern is one of the most reliable (>80%)) it might drive the index to a calculated level of around 10300 in coming weeks.
