The DAX confirmed a very weak closing even confirming a break below 5666 supporting therefore lower levels. Possible therefore a direct extension of the drop toward the 5550/40 support area.
The indicators of the daily chart are of course well negative as well as those of the s/t ones where we have also oversold conditions. The drop started again forming bullish divergences in the hourly chart, confirming the negative tone. Nevertheless we expect a rebound suggesting a retest of the 5750 area and for this reason we tried again a long position at 5656. No stop for now.
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FUTURE TREND RESEARCH