DAX 40 is heading towards the resistance line of a Falling Wedge and could reach this point within the next 16 hours. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.
DAX 40 – approaching a resistance line that has been previously tested at least twice in the past
