DAX downside extension consolidation

DAX is retesting the broken resistance

 

DAX is retesting 13300 which is the strong downside resistance that was broken to the downside. A rejection here could lead to a downside strong continuation and a test of the critical 12000 level. This is a wedge-like consolidation formation skewed to the downside.

Note: look for the short trade entries with the stop loss above 13400

DAX downside continuation

 

 

 

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