Chart of the Day DAX

DAX is bouncing from the long-term support

Today we have DAX price action on a watch.
DAX is testing the long-term upside support 8900 level. We could see a bounce from here and a correction higher to 10500. A daily close below the 8500 level is required for an upside bounce scenario invalidation.
ARMAT trading system is neutral
Note – retest of the previous resistance. Look for long trade entries with the stop loss below the 8500

 

DAX chart of the Day

DAX weekly chart

 

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