DAX rejected on the 4-month Resistance.Germany 40TRADENATION:DE40TradingShotDAX (DE40) is on the pull-back following a rejection on the 4-month Resistance Zone. As long as it keeps closing below it, we expect a minimum test of 23650, which is the May 18 and April 30 Low as well as the 0.5 Fibonacci retracement level. If the price closes above the Resistance Zone, the bearish sentiment is invalidated so expect a test of the -0.236 Fibonacci extension at least at 26400. Note that in case of a stronger correction, the 1W MA100 (red trend-line) is the market Support, which held during March's sell-off. --- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** --- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇