Dax Under Pressure (Technicals)

key support holds the plunge, technical analysis H4

The target of ABC correction is very close (around 10 050) therefore the decline may proceed to that level. Yet in the medium term, the current suport area should stop the current plungee. It contains plenty of previous highs and stopped the surge in October 14 and April 14 as well. One should stay vigilant if  intends to buy, there is no clear signal yet. However the gap will probably be closed and the fight on the upper bound of the bearish channel will be crucial.