(22 JUNE 2020)DAX Consolidation in place.

<p>Pivot</p>
<p>&nbsp;(invalidation): 12450.00 Our preference</p>
<p>Short positions below 12450.00 with targets at 12280.00 &amp; 12157.00 in extension.</p>
<p>Alternative scenario</p>
<p>Above 12450.00 look for further upside with 12530.00 &amp; 12660.00 as targets.</p>

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