DAX: Ahead of massive bearish breakout.

DAX is marginally neutral on its 1D technical outlook (RSI = 45.314, MACD = 34.100, ADX = 25.265) having crossed yesterday under its 1D MA50. This is the bearish wave that was caused from the July 6th HH trendline rejection and is so far supported by the bottom of the Channel Up, which is where the 1D MA200 sits. If the index crosses below it, consider it a Sell Signal targeting the S1 (TP = 23,630). The next bearish breakout signal would only come if DAX breaks under its 1W MA100 too, in which case target the S2 (TP = 21,900).

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