The DAX failed yesterday to move much lower and at the end it even managed to form a positive day reversal. Only a daily closing tonight above 6018 will however confirm higher levels!!
The indicators of the daily chart are still above the line and now also those of the s/t ones are turning above the line supporting further strength. Only an hourly closing above 6018 will however confirm a s/t bottom supporting a rally toward 6135.
The s/t scenery is still mixed but we feel there is some upside potential. Let’s now wait for confirmations!
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http://www.easyforexnews.net/wp-content/uploads/2011/11/DAX-11.16.pdf
FUTURE TREND RESEARCH