Signal_Centre

DAX - Stalling at the 78.6% Fibonacci resistance

Short
OANDA:DE30EUR   Germany 30
We look to Sell at 13260

The medium term bias remains bullish
Price action has formed an expanding wedge formation
We have a 78.6% Fibonacci pullback level of 13307 from 13380 to 13040
Negative overnight flows lead to an expectation of a weaker open this morning
Further downside is expected and we prefer to set shorts in early trade
Expect trading to remain mixed and volatile

Stop: 13330
Target 1: 13025
Target 2: 12900
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