4h Head and Shoulders

Based on 4h chart we started to form head and shoulder but still waiting confirmation at DAX 13360. So, if the prices get lower than 13360 and more bad news to be developed regarding coronavirus and us-eu trump tariffs then we could see more downsides to below 12k in coming weeks.

However, the general trend of dax is upside which makes any short positions should be very limited with tight stop loss. As a long term, It will be safer to wait to take long positions below 12k and take profit above 13k.