DAX Another perfect sell opportunity emerges like the last one.

17 MeiDAX (FDAX1!) gave as an excellent sell opportunity last month (April 11, see chart below) that hit the 17700 Target and shortly after rebounded:

The index yet again flashes a sell signal as the price got rejected yesterday exactly at the top (Higher Highs trend-line) of the 1.5 year Channel Up. In symmetrical terms, this is similar to the Higher High rejection of May 19 2023, which pulled back to the 1D MA50 (blue trend-line).

The 1D MACD is also inside a similar Falling Wedge pattern and will confirm the sell signal once it makes a Bearish Cross. Our Target now is 18350.

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