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WirmachenTrader
Mar 17, 2017 1:49 PM

RISING WEDGE NEAR 2 YEARS HIGH ON GERMAN DAX Short

FX:GER301D
DAX index of German listed sharesFXCM

Description

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The German DAX slowly ascends the rising wedge which typically results in a downward breakout. We also see loss of momentum on the RSI. (Bearish Divergence) This could lead to a pullback before we may see a retest of April 2015 Highs.

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