German 40 Index
Panjang

DAX Rally in site?

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With the DAX currently making higher lows and lower highs, I see this as a possible end to the current correction. The DAX has not seen anything like the sell-off of the US30, and with some underlying positive fundamentals, I see a retest of the descending pattern, a fake-out to re-test 22,244, and the a rally back to 23,00 and beyond. Or possibly (tomorrow) a rally straight back through the 22,707s.

Penafian

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