DAX is breaking below the resistance
It is testing the 12650 horizontal resistance after the broken wedge retest and a falling line rejection. For a downside reversal and a higher probability of short trade entries, we need to see a confirmed break below 12500. A break below this level would lead to an extension lower to 12000 medium-term. The overall medium-term is an uptrend but we need to see a confirmed break above 13000 for a complete upside continuation extension.
Note – We are inclined more to short trade entries with the stop loss above 12800
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