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atorrealba
Apr 3, 2018 8:47 PM

DAX under correction, potential bearish setup 

DAX PERFORMANCE-INDEXINDEX

Description

The DAX looks potentially like a it trapped bulls above 12K and is front running them, however it may bounce correctively then retest 12K, but the 12K support will be torn through.

The TTM shows huge squeeze/washout inbound for longs/bulls

Nonetheless it could be a bear trap and continue it's bull run till 2019

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