DAX is testing the downside rising wedge resistance
DAX is testing the downside rising wedge resistance 12000. This is also a strong upside support. DAX was previously rejected from the upside resistance and now only a daily close above 13000 would invalidate the downside breakout. Downside breakout here below 13000 will be valid for a high probability short entry.
Note – Look for the short trade entries upon a break below 12000 with the stop loss above 12500
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