20813

Dax ranging and building a new value area after abc retracement

FX:GER30   DAX Index
91 0 0
Dax             ranging between 12000 and 11800 (wich is the center of the last "bigger" value area).

If we can break above 12000, dax             should at least test all time high again, otherwise there could be a trend reversal in place or a longer retracement.

If we break through 11800 the abc retracement failed, wich is a bearish indice.

Good luck everyone :)

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