DAX perfect storm is coming

DAX consolidation before a significant move

 

DAX is consolidating below 14100. A rejection from 14100 and a break below 13700 will lower the DAX to 12500. Only a break above 14250 will tend to invalidate the downside extension.  DAX is moving in a narrow range during the latest US Indices sell-off, and its possible downside extension in the third wave has more significant potential. 

Note: look for the short trade entries with the stop loss above 14230

 

 

 

 

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