FX_Professor

DAX- Rejection Could push the price lower

Short
XETR:DAX   DAX Index
DAX has been rising like crazy in the last months but the price has very recently exited from an ascending triangle . The price might get rejected now and unable to enter back into the wedge (the triangle).

In this case the price might start dropping faster towards support as on this chart.

ps. In case the price breakS into and over the wedge then we will need to switch to a Buy position,

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Comments

I totally agree! waiting for this drop too
+1 Reply
Great wedge there
Thanks for sharing
+1 Reply
Thanks for your work
+1 Reply
Nice pattern
+1 Reply
Well researched!!
Bravo!!

Have an open sell @ 15670, should I limit it @15300 or do you think it will go lower??
Reply
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