The DAX 40 chart shows signs of decaying upward momentum.
The formation of a classic Double Top reversal pattern is observed on the chart. The main signal for confirmation of the pattern is the breakthrough of the neckline, which was drawn through the minimum between the two peaks at the level 23570.43. Now the price has broken through this line, which confirms the reversal nature of the pattern.
At this time interval for DAX 40, trading recommendations suggest opening short positions.
📌 Entry: 23568.43
✔️ First target: 23532.43
✔️ Second target: 23507.09
❌ Stop order: 23602.10
