DAX

The price is testing the lower band of the formation. As long as the price stays above the band and 50 moving averages, we can expect the movement towards the upper band with the level of 12 630. But if the parity drops, in mid-term we will watch 50.0% at 12 400 and 61.8% at 12 360 Fibonacci retracement levels.

Good luck!
LimitFX

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