The DAX confirmed on Friday a strong closing and also the weekly one was positive forming a positive week reversal. A possible closing tonight above 6071 will even confirm a s/t bottom supporting a new attempt to extends the move up toward the 6442 October’s top!
The indicators of the daily chart are now again positive but those of the weekly one remain still below the line. The indicators of the s/t charts are positive supporting further upside potential. The DAX needs however to remain above the 200 hours line at 6045 on an hourly closing to confirm higher levels.
In the hourly chart we have already potential negative reversals but we prefer waiting for stronger signals and however we feel the DAX could still go a little higher.
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FUTURE TREND RESEARCH