Broken Support Turns First Resistance for German DAX
After forming a rising wedge in October, the German DAX reversed in the key retracement zone and broke support with a sharp decline below 5700 the last few days. These are clearly bearish developments. Broken support in the 5800 area turns first resistance, which is confirmed by the trendline extending down from late October. Allowing for a little buffer, I would set key resistance at 6000.

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