The DAX confirmed a further session of consolidation interior the inside day with 6215 – 5780 still the levels to follow in the coming hours. Only a daily closing above 6215 will resume the move up.
The indicators of the daily chart are still positive but a weak closing blow the support of the inside day will turn them already negative. Those of the s/t ones are negative this morning supporting further pressure. The break below 5950 is confirming a double top formation above the 200 hours line suggesting a possible decline toward the potential the neck line of a possible S_H_S formation at 5765!!
We remain on the sideline following the inside day!! We sell a break of the support at 5780.
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