Chart Of The Day: DAX | Global Online Money

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The is nearing the large breakdown level which additionally coincides with the 61.8% Fibonacci retracement stage of the 2022 highs to lows.

Additionally, there have been many spike lows within the “resistance zone” as properly, from lows in mid 2021 by way of early 2022 earlier than the breakdown. And the downtrend line additionally coincides with the 14820 stage too, so if the market reaches for it, this might arrange a superb threat/reward for shorts.

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