justatrader
Short

DAX - Failed break out from falling wedge

FX:GER30   DAX index of German listed shares
367 0 5
11650 is the level to watch.
A close above 11650 and establishing support here will be bullish for the DAX             .
If 11650 turns to resistance, DAX             could drop to 10850 level (and on break could target 10035)

On weekly charts, last week's candlestick was a bearish engulfing so expecting some declines in the short term.
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