DAX 30 Technical Alert

Declines on DE30 stopped at the key support zone (10400 pts), but the main trend remains downward. The index is trading near the aforementioned support and the probability of a break lower increases with each subsequent test.

In turn, to think of bigger rebound, the index would have to break the sloping trend line marked with blue colour. Then there would be a chance to move towards the upper limit of the Overbalance structure at 11000 pts.

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