DAX is reaching the upside correction resistance

DAX is reaching the resistance of the downside channel

 

DAX has tested the downside channel resistance 13500 and has been rejected. This is indicating the downside continuation inside the channel and a break below 13000 will confirm this. A confirmed break above 13500 will invalidate the channel and lead to a test 13800 which is in this stage a low probability.

Note: look for the short trade entries with the stop loss above 13500

 

DAX downside continuation

 

 

 

 

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