A very rare bearish signal on Germany's top market index? The hammer which a retraction-barrier zone around gaps is shaping together with a high-volume pile suggests exactly that. DAX closes this week just under the forementioned R.B.Z. and doesn't muster the strength to close over monday's opening. Overbearing timeframes show that Germany's Most Wanted tried to push significantly over its ATHs for the third time now, but are about to give it up any time under 15'615.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.