The DAX is confirming the expected test of the 200 hours line at 5908; an hourly closing above this line will support an extension of the move up suggesting a 6000 overshooting!!
The indicators of the daily chart are already returning above the line and also those of the s/t ones are in positive territory supporting higher levels. The indicators of the hourly hart are of course a little overbought showing also potential negative reversals. We suggest however waiting for a little higher levels before taking profit!!
We started putting a stop just above the entry level.
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FUTURE TREND RESEARCH