DAX is reaching the apex of a rising wedge
DAX is testing the 13100 again. It is a rising wedge and confirmed close above the 13100 is required for an upside reversal. For a downside extension continuation and a higher probability of short trade entries, we need to see a rejection here and a confirmed break below 12700. A break below this level would lead to an extension lower to 12000. The overall long-term is an uptrend but we need to see a break above the 13200 for a complete upside continuation extension.
Note – We are more inclined to short trade with the stop loss above 13100
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