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DAX Index 14-18 January

Last 2 weeks DAX went wild with rally. Friday 04.01 move from lows at 10380ish all way up to 10800+ mark and topping up in following week to buyers target TP1 10960.

Next week:

Now question is how market participants will deal with 2 tasks: take profit but support price enough to prevent sellers taking over and reset that rally. Second task: extend move beyond 10970 and 11070 resistances. Tough.

Last week update:


Buyers will have to prevent losing control to sellers during profit take and provide price with support. Key support 10760 & 10680/10530

Target 11030/70 & 11250


Sellers cant wait to press “that button” near 10670 support to breach below and taking over aiming for bottom of that rally.

Target 10530 & 10470 on success full rally reset with dip to 2018 lows

Pivot points:

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