German DAX "The Culprit" - October 17, 2014

According to this blog Trading Edge Consultancy the  sell-off in global equities market may have started with DAX due to potential recession in Germany. It seems that DAX is forming a Potential Bearish Deep Crab on the Monthly Chart with PRZ at 10940. Currently sitting at the Lower Median Line of Andrew's Pitchfork. If the Lower Median Line will not hold next support is seen at 8132 (100% Fibonacci Retracement Level).