The uptrend of DAX 40 is losing momentum, which is confirmed by the pattern formed on the chart.
On the chart we see clearly defined left shoulder, head and right shoulder. The price has broken through the Neckline, indicated in red, which confirms the completion of the pattern. This breakout signals the start of a reversal
Thus, in terms of DAX 40, preference should be given to short positions. A trader can enter the market at or around the current prices or when the resistance level is retested.
📌 Entry: 24224.14
✔️ First target: 23874.64
✔️ Second target: 23783.28
❌ Stop order: 24483.74
