DAX is targeting 11000

DAX downside swing support test

 

DAX has tested 12900 downside swing support and is being rejected. In extension, we are looking, for an 11000 target on the downside in this cycle. A long-term uptrend line has been broken and acceleration lower would come upon another break below 12600.

Note: look for the short trade entries with the stop loss above 12900

 

DAX downside continuation

 

 

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