DAXEUR: Rejected at Weekly Equilibrium — Bearish Continuation

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DAXEUR: Rejected at Weekly Equilibrium — Bearish ContinuationGermany 40 (DAX) / EuroEASYMARKETS:DAXEURMRezaNiazi-fxDAXEUR Price failed to break above the key equilibrium level on the Weekly timeframe, and the Monthly already confirmed the rejection earlier. The trendline adds further confluence — all signs point to a bearish continuation. 📊 Weekly: The equilibrium level acted as a firm ceiling. No breakout — only rejection. This strongly favors the downside. 📊 Monthly: The monthly structure already rejected this zone previously, reinforcing the bearish bias. 📈 Trendline: The descending trendline aligns perfectly with the rejection, adding high-probability confluence. ⏱ Daily: The daily equilibrium level offers a clean short entry with a logical stop placement. 🎯 Trade Plan: • Direction: Short • Entry: 25,490 • Stop Loss: 25,672 (risk: 182 pips) • Target 1: 24,680 (reward: 810 pips → ~1:4.4) • Target 2: 24,170 (reward: 1,320 pips → ~1:7.3) • Risk/Reward: 1:4.4 to 1:7.3 🧠 Bias: Bearish — rejection at weekly equilibrium + monthly confluence + trendline confirmation. A break above the stop invalidates the entire setup. ⚠️ Not financial advice. Manage your risk.