Chart of the day

DAX is being rejected by the 19000 level which is also long-term channel resistance and is breaking the ascending bearish wedge. We need to see a strong break below 18100 for a downside continuation from here.

A break above 19000 is now required for a reversal higher and an extension higher to 20000. A confirmed break below 18100 will lead to an extension lower into a targeted area of 17000.

_{Look for the short trade entry with a stop loss above 19000 in the case of a break below 18100. Long trades you can take in the case of a confirmed price action break above 19000.}

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