Ochlokrat

Strong Support: DAX Ready to Climb Again

Long
CAPITALCOM:DE40   Germany 40
With the remarkable surge of the past few weeks, the DAX nearly reached the 19,000-point mark. However, just before reaching it, the momentum faded, leading to a period of weakness. Now, a strong hammer candlestick is visible in an important support area. Therefore, it can be assumed that the correction is now coming to an end and the DAX will once again approach recent highs.
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