DAX - Downtrend Continuation

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A confirmed downtrend has formed on the DAX starting the 3rd of May.. Prices now are retracing to test the 61.8% Fib level before showing signs of reversal and continuing the decline to the 11775 area. I'll set up a limit order to sell at or slightly above the Fib level.
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DAX IndexGER30 CFDSELLshortTrend Analysis

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