DAX Index
Short

DAX: Sell opportunity within the Channel Up.

490
DAX is trading within a 1D Channel Up since early November. At the moment the price is next to the Higher High trend line, which is technically an optimal sell entry assuming the pattern holds. With the RSI also at the top of its 2 month consolidation channel, we treat this as a strong medium term sell opportunity. Our Target Zone is 13,165 - 13,100.





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