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Chart Of The Day: DAX

Published 03/29/2022, 12:44 AM
DE40
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The DAX is nearing the big breakdown point which also coincides with the 61.8% Fibonacci retracement level of the 2022 highs to lows.

Also, there were many spike lows in the "resistance zone" as well, from lows in mid 2021 through early 2022 before the breakdown. And the downtrend line also coincides with the 14820 level too, so if the market reaches for it, this could set up a good risk/reward for shorts.

DAX Daily Chart

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