DAX rejected from the falling trend line again

DAX rejected from 14100

 

A consolidation swing from 12200 to 15000 is coming to an end. Rejection from the 14100 falling trend line leads to a break below the recent short-term rising wedge line and an extension lower to a key 13500 downside resistance. Look ahead for the challenging downside extension in this price action structure a way below 12000.

Note: look for the short trade entries with the stop loss above 13980

 

DAX downside extension

 

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