(22 JULY 2020)DAX Consolidation in place.

<p>Pivot</p>
<p>&nbsp;(invalidation): 13310.00 Our preference</p>
<p>Short positions below 13310.00 with targets at 13045.00 &amp; 12940.00 in extension.</p>
<p>Alternative scenario</p>
<p>Above 13310.00 look for further upside with 13400.00 &amp; 13460.00 as targets.</p>

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