DAX - Stalling at the 78.6% Fibonacci resistanceW e look to Sell at 13260
The medium term bias remains bullish
Price action has formed an expanding wedge formation
We have a 78.6% Fibonacci pullback level of 13307 from 13380 to 13040
Negative overnight flows lead to an expectation of a weaker open this morning
Further downside is expected and we prefer to set shorts in early trade
Expect trading to remain mixed and volatile
Stop: 13330
Target 1: 13025
Target 2: 12900
