The DAX confirmed another weak closing starting today’s session with a gap down, 5535 – 5483 that we expect to be closed!!
The indicators of the daily chart are still well negative as well as those of the s/t ones where we have oversold conditions, now even in the 4h one. Bullish divergences in the hourly chart support a negative tone.
despite the negative outlook we do favour a firm rebound with the 200 hours line at 5897 the attraction. For this reason we have increased our position at 5580 bring the average to 5568. Still no stop for now!!
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FUTURE TREND RESEARCH