|DAX: h1-h4-d1 charts|
The market reached the level I've expected yesterday, but not in the way as I thought it would. The momentum of the 1 hour chart has created a bearish hook and the setup was triggered and the minimum target is already reached.
The channels shown on the 4 hours and daily charts should provide support. The daily chart is about to create a bullish cross on the RSI, but it is not valid yet. The rally stopped at an ideal level in many ways so patience is really the best thing to have regarding long term expectation. This is still an open question because the market is between different scenarios at the moment. There is no confirmation yet for an intra-day or swing trade in either way. If the acceleration channel will break then I think the DAX will go for at least a test of the neckline, but more likely test of the bigger parallel channel and even possibly a gap fill.