DAX30 (Ger30, DE30) German Index

DAX 30

here is the thread about DAX 30 which represents 30 biggest German companies . only technical analysis . 
my analysis:

This week ended with a bearish weekly pinbar which can indicate lower prices next week with potential target around yearly pivot at 12320.  correction to the upside is possible to 12930-40 .   12963 is previous weekly open which could be pivot point for buyers too (if broke to the upside). more on pics.




Linkback: https://www.forex.zone/technical/11/dax30-ger30-de30-german-index/3177/

DAX 30


unlike US indexes Dax remains weak this week few points from weekly open. The month is still in bulltrend but the weekly and daily candles don't show buyers are interested in these levels. it could be strong EUR (one of the reasons). Last 8 hours of trading do not provide a clear direction.

DAX 30

still relevant 12320 yearly pivot is holding . Month and week closed at this Yearly Pivot level but monthly formed big bearish pin so the buyers from the first of July are at break even . now US indexes suggest higher technical levels , so if DAX 30 will defend 12320 the next targets to the upside from h4 perspective are 12500 and 12800.
but if this level won;t hold then 11956 i the downside target.

DAX30

from yesterday's analysis the support at 12821 has been tested and now DAX30 bounced 220 points. daily,h4 still possible that this index will test 13200 or higher but need to wait on h1 correction min to 13000-12964. from the sellers perspective the selling zone is very wide now because up to 13345.