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Chart Pattern- Double top
Major resistance - 11000
DAX30 has halted its 10 days of bullishness and shown a minor weakness. The index jumped nearly 6.75% from low of 10281 and lost more than 1.5% from high of 10977 . It is currently trading around 10819.
The index is facing strong resistance around 11000 and any break above targets 11287 (300-4 H EMA)/11555.
On the lower side, any violation below 10781 (78.6% fib) confirms minor weakness and break below targets 10689/10402.
It is good to sell on rallies around 10890-900 with SL around 11050 for the TP of 10689/10405.
