DAX this week closed with loss. This was second weekly loss for this German index. This week we saw sharp fall from top of 10300 to lows of 9800. Dax weekly chart price trend and momentum is very bearish. This week achieved my target of 9880. Below it next target will be 9500. On upside 9880 and 9950 are resistances as well as fresh short entry zones. Weekly chart technical pattern suggesting this fresh move downside up to 9050.traders hold shorts with trailing stop loss above 9880 for target 9500.