DAX Update 31/07/2014

INDEX:DAX   DAX Stock Index
79 0 0
Another day and DAX             still in correction, inside the descendant channel. We have another HL at 9700 , nothing change, lets see where DAX             will go to make a new LL. I do NOT ADVICE short positions a this level. Wait for the upside.

9480 (50% retrac)
9350 (61,8% retrac)

Short term - still in correction
Long term - bullish
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