German DAX is turning sharply higher this morning after a bounce yesterday on US stock market. We see the E-mini S&P500 trading near the highs of the week so we expect that DAX will do something similar. In fact, on German index we see nice upward reaction in the last 24 hours that has quality of a new bullish impulse, so corrective decline from 11165 can be finished, especially because of a broken downward corrective channel. We think that index will revisit 11165 soon.
German DAX, 15 Min
German DAX, 15 Min
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