DAX Update.

Breakout attempt by DAX by the close of the session stalled but not failed. Price action back into the congestion zone (potential ending diagonal to be precise).

What to look for from here on which may signal a false/fake attempt ? Short term bearish reversal of some kind, pivot in bars or alike in candles. If on hand, support line of the diagonal may well be retested.

A new higher high bar on the other hand would still keep the chance of an upside breakout alive.

Analysis continues…

No need for a chart with this post.


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