CurrencyClouds

German DAX: 2 Scenarios

FX:GER30   The DAX Index
We are leaning to a bearish DAX             due to it
  • Being under the Stratus Cloud Formation
  • Making a lower high at the top of the Trendline (Black)
  • Bearish Future Cloud (Kumo Bear Twist completed)

However we see two scenarios that could play out and will wait for confirmation of break of either Trendline (Blue or Black) on the Daily time frame.
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