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DAX 30 Jul – 03 Aug

Short opportunity on retest channel trend line – up trend losing momentum

Lets don’t get fooled on relief rally based on non existing threat. There is not much more to push it higher except profits on long position

With new month starting resistance above 890 or upper channel trend line can trigger sell off

August and September isn’t best months for DAX

Resistance / Support

12960.00 12885.00 12795.00  12700.00 12622.00  12454.00 

edit 02.08 – Signal completed

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