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Friday, December 16, 2011

DAX Technical Analysis 2011.12.16

DAX index is trading in the 5,700-5,800 area for several hours now and if we look at the bigger picture, we notice that the previous lows (5,650 zone) are not in danger and there is a symmetrical triangle pattern emerging which usually is a continuation pattern.

Moreover, DAX  is recovering after a 2 week correction (from the 5th of dec.) that can reveal attracting prices for possible bulls.


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