DAX – Large head and shoulders top pattern suggests further downside.

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Technical DAX – Large head and shoulders top pattern suggests further downside. Weekly: The index has formed a large head and shoulders top pattern. The rally in recent weeks has led to a retest of the neckline of the top pattern. This also coincides with a 50% Fibonacci level at 11743. A rejection at this level suggests that the corrective move higher is about to end. The measured move of t...

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