DAX is being rejected by the wedge top
DAX is testing an upside resistance 15550 and is being rejected by it. The instrument is now testing a downside resistance of 15150 after the wedge top rejection. A break below could lead to a significant downside reversal to 14000. A break above 15550 is required for the upside extension.
Note – As the price action is squeezed look for the short trade entries with the stop loss above 15400
If you want to learn trading analysis and how to get to key trading levels like in this article register for Private Live mentoring with your trading evaluation.
Copy our trades!
