DAX rejection from 14800
DAX has been rejected from the 14800 resistance level confluence of the falling trend line and previously broken horizontal downside resistance. This rejection could lead to a new leg down in what is seen to be a third downside wave from the 16500 top. A break below 14300 will accelerate the downside swing continuation.
Note: look for the short trade entries with the stop loss above 14800
“If you think Investing is risky, wait till you receive a bill for not Investing!” Jim Rohn
REAL-TIME TRADERS EDUCATION! TRADER’S CLASSROOM ONLY $69 PER MONTH!
