Dax managed to touch 20500, but pushed down as it is around 20000 or 19800 region. The price may push to retest the 20300, 20400, and 20500 marks and if it rejects with stability under any of the highs, it may fall down as a potential bearish confirmation.
If the price action declines from the top, a possible range and target can be between the highs and possibly 19620. However, establishing above 20500 may see a continued upside outcome. Failure to find a small pullback from 20000 and 19800 may also lead to the downward trajectory.
If the price action declines from the top, a possible range and target can be between the highs and possibly 19620. However, establishing above 20500 may see a continued upside outcome. Failure to find a small pullback from 20000 and 19800 may also lead to the downward trajectory.
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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.