German DAX has recovered nicely since mid-February up to 10150 area which we see it as a five wave move, despite an overlapping price action. It can be a leading diagonal in first wave of a new bullish cycle that should resume after corrective retracement. Well, we can already see a nice pullback here to 9500 but based on a double zigzag view we expect to see decline close to 0.9400 area where bounce could happen later this week.
German DAX, 4H
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