Dax has been in a range since Feb this year... UPPER BOUNDARY at 6360
Could be an ascending triangle (bullish scenario) with a break above 6360 signalling new highs..OR could be part of a rising wedge (which if it breaks t the downside would be BEARISH).
Since we are near the TOP of the range got to be short here, looking for at least a test of the lower boundary, or a decisive break lower (VERY BEARISH).
The weekly chart shows possible rising wedge, and the range bound formation, in relation to the all time highs
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