Moranda

DAX - is downside completed or are we going to 8000 area?

FX:GER30   DAX index of German listed shares
83 0 1
the index looks like it is correcting the cycle from 2009 lows
The trendline drawn on chart is still holding. so as long as 9363 is holding dax             can turn higher from here.
If 9363 will be broken, than a test of the 50% retracement level from 2009 to highs is very likly.

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