DAX Bulls Are Controlling The Trend

DAX is extremely bullish. I expect uptrend continuation provided that the price is already rejecting 88.6 Fibonacci level.

13264 is the 88.6. We can see how the price reacted and it’s a clear rejection of the 88.6. We can expect continuation up towards next levels. 13427, 13469 and 13495. Above 13495 we should see 13610. I don’t see any bears unless the market breaks below the D L3 camarilla pivot – 13211. Buying the dips is the scenario.

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Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. On average around 80% of retail investor accounts loose money when trading with high ...

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