DAX is facing the strong upside resistance/downside support
DAX has been rejected from 13800. This is a strong horizontal upside resistance coupled with 61.8% Fibonacci retracement of the latest swing down. A rejection here and a confirmed reversal lower with a break below 13250 will lead to a downside continuation and a test of 11660. Only a confirmed break above 14100 could invalidate the downside continuation which is at this stage highly unlikely.
Note: look for the short trade entries with the stop loss above 13800
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