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Chart pattern- triple top
Major resistance - 11680
DAX trades slightly lower following footsteps of Wall Street and hits high of 11678 on Mar 3rd 2019. DAX was one of the best performer in past two month and jumped more than 13%. It is currently trading around 11532.
After break below 11575 minor trend line support and is holding below that for past three hours.This confirms minor weakness and a decline till 11400/11321 (300- 4H EMA)/11252 (200- 4H MA).
The near term minor jump is possible only above 11680 and any break above triple top will take the index till 11800/12000.
It is good to sell on rallies around 11575-80 with SL around 11680 for the TP of 11400/11320.
