Technician

Channelling the DAX Index (update)

FX:GER30   DAX index of German listed shares
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Channelling The DAX Index


The chart is an illustration of multiple medium to long term potential channels. Are we nearing a long term top? or will break higher and draw a new secular bull trend. the index has has drawn a bearish engulfing candle, at this key area, i believe we will probably see a meaningful correction now.

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