DAX WEEKLY OUTLOOK

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We see near term corrective waves with a break and weekly close below 12805. This opens a move down to test the post April '20 rally into the may excess between 12100-11508.

A break and close back through the upward multi year AUG '19 sloping trend exposes a test of ATH’s with a marginal higher move for bullish establishment.
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Trend Analysis

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