Leo.Ash
Long

DAX weekly chart continues to consolidate laterally

INDEX:DAX   DAX Stock Index
Even so, and despite the falls at this time exceed 2% for the week it is certain that the weekly candle is not indicative of anything. At the end of the day what lies ahead is simply a bearish backlash that left a very strong support at 11.167 points (minimum of 'hammer' formation) and has since been moving sideways. Stochastic Oscillator remains rotated downward and away from levels of "oversold". That is, we could still go laterally moving us in the coming weeks before generating a significant signal strength.
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