Dax rally presents selling opportunity

Rallies expected to fail at resistance

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Technical 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 near 13200. Weekly:  Forming a bearish Head and Shoulders pattern. A break of 11593 (neckline) is needed to confirm the pattern. The measured move would then be 9728. We posted a bearish Outside Week (of...

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