DAX Update 04/09/2014

INDEX:DAX   DAX Stock Index
Today is European Central Bank meeting and i expected they will do nothing this time. Do not forget this weekend European Uniun can approve new sanctions to Russia.

DAX             still inside the descendant channel. React from the 8900 until 9600 (61,8% retrace) for me DAX             in a new leg down until 8700 level. This is time to TRY kill longs.

Short term - still in correction
Long term - bullish
Could you suggest SL in case of index go up again and deny aha pattern?
Tx Leo.
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