DAX has broken out to the downside from its monthly range, forming an expanding wedge. This creates two high-probability setups: a short back to the bottom of the range, and a long from the bottom toward the top - supported by the prevailing uptrend and strong confluence at range lows. Either way, the range is likely to hold for now, offering clear directional plays.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.