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German DAX Successfully Tests Support

Adel 6 May, 2021 11:51 am Daily Technical Analysis, Technical Analysis

Positive trading regained control of the movements of the German DAX index after finding solid support floor around 14,960.

Technically, we tend to be positive in our trades on short intervals, relying on the intraday trading above 15,110 accompanied by the positive crossover of the stochastic indicator.

Therefore, we target 15,260 first goals, and then 15,350 next stations. A reminder that the activation of the suggested scenario requires an intraday stability above 15,110, and generally above 15,040.

S1: 15020R1: 15260    
S2: 14860    R2: 15350   
S3: 14780   R3: 15500   

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