On the DAX daily chart, we can see that the instrument is testing the 13000 level which could be a possible right H&S formation shoulder. The rejection from here could lead to a downside extension into the support 12450-12670 zone. For a continuation higher into the 13250 we need to see a daily close above this level.
Note: look for the short trade entries with the SL just above the 13000 level.
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