DAX – Mild 4th wave correction to sell into

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Monthly: Looks to be forming a bearish Ending Wedge pattern. A break of trend line support at 12145 and the measured move target is 8695. Rallies have stalled and found sellers close to 13200. Weekly:  Looks to be forming a bearish Head and Shoulders pattern. A break of 11621 (neckline) is needed to confirm the pattern. The measured move would then be 9728. We posted a bearish Outside Week ...