FX:GER30   DAX Index
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Update of DAX             analysis: The index has moved past the upper resistance line of the flag channel that corrected the previous long movement back to a relevant support line that had previously been a resistance (textbook behavior). From an Elliott wave perspective we most likely experienced the end of a 4th wave and the beginning of the 5th impulse. As for trading purposes the DAX             is a buy. I have a 50% long position and I will wait and see if I can add more positions in the next days.
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