DAX - no higher high
I had mentioned in my last post that there was the possibility of one more higher high to complete the classic ABCDE count of a rising bearish wedge! Either way I clearly stated that it was only a possibility and we could make a move down right away, which is how it played out!
Now, that we broke down as expected, there are two major zones to be considered:
Our first target is around 12k (pattern target), the second one at 11k (1:1 extension)! So brace for impact!!!!!
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