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Tuesday, February 28, 2012

DAX Technical Analysis 2012.02.28

The bearish signs are still on the chart of the DAX Index but it seems the bulls are still strong below the support level of 6.800, even though the mid-term bullish channel was breached twice.

On the short term (a few days) we could see a new high that will bring prices back in the channel. The double bottom pattern has a target of 7.000, which is a psychological level.


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