Dax is falling after reaching its upper bound, but has failed to move above it. The rejection of price from the all-time high zone may yield a correction towards the midpoint of the previous bullish trend. However, if price action regains upward momentum, the indice may stall the bearish correction and try to pursue the bullish continuation.
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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.