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hi there traders were taking a look at the German DAX which is consolidating near its highs its killing the strong bullish trend and the leg up with 1180 low has been in a fairly straight line now theres inverted head and shoulder pattern which projects a target around 13 800 although since breaking above these highs that mark is now trying to catch its breath we can see it accelerated away from this trendline its main version could be on the cards over the coming weeks and recently his percentage rally relative to 20-day low has docHubed a relatively high level which suggests the upside could be getting a bit stretched now previously weve seen rallies of around 89% from this indicator have resulted in a correction was the recent rally was just over 10% now notice how yes this bearish pinbar failed to close the new highs which suggest balls are becoming exalted over the near term so well keep a close eye out to see if we can break support level to signal a deeper correction before