Dax rallies continue to attract sellers

Double top formation warns of further losses

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Technical Monthly: Looks to be forming a bearish Ending Wedge pattern. A break of trend line support at 12048 and the measured move target is 8695. Rallies have stalled and found sellers near 13200, resulting in a new trend line resistance. Shooting star candles highlight rejections of attempted rallies. Weekly:  Looks to be forming a bearish Head and Shoulders pattern. A break of 11633 ...

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