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DAX Friday 12th Oct Update

Price seems to form wedge, that can create retest lows or next leg down about mid next week so keep focus. T830 then test lows

Watching for 2-3 sessions of taking profits by short sellers then probably test lows to confirm if we have bottom or there is option for DAX get cheaper

Keep in mind number of events next week and trade safe!


Pattern invalidated very quickly now looks like reversed wedge (megaphone) at best. That way not much to do left for buyers like trying save 11300/11k

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