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FILE PHOTO: Traders prepare before the opening of the German stock exchange in front of the empty DAX board, at the stock exchange in Frankfurt, Germany, June 24, 2016. REUTERS/Staff/Remote/File Photo

Monitoring for DAX, short term rebound

 

Monitoring for DAX, short term rebound

 

As updated yesterday about DAX and its D leg as a short term rebound, DAX is more clearly today by forming its C leg, or let’s say C leg finally formed.

DAX is but still in a bearish mode, hence the momentum for a bounce is but weak, therefore long trades should be very flexible to exist. I still prefer to sell DAX under the condition that D leg must be formed clearly and price action needs to be led to lower lows at my detected D point.

  • Keep further waiting for better entry point.
  • Focus more on a larger target
  • Day trader but can take the long action according to best price action

Take your look at the depicted chart below for more info:

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Trade well!

 

DAX, short term rebound

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