The DAX is confirming a rebound after the drop this morning below the support line at 5696! An hourly closing above 5819 at 11.00 CET will confirm a s/t bottom supporting a rebound.
With drop below 5765 the DAX should have confirmed a S_H_S formation and only a return above 6205 will abort this scenery!!
The indicators of the daily chart closed last night below the line supporting further weakness and also those of the s/tones are still in negative territory despite the 150 points of the rebound.
We suggest now waiting for the confirmation of the possible s/t bottom. If the closing will be above 5819 will try a s/t long position by buying a 5800 undershooting.
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FUTURE TREND RESEARCH