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DAX Before And After Charts

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September 08 2016

Here we can see how nicely German DAX played out from a technical perspective. Index made a nice set-back into blue wave iv and later continued higher in wave five, close to 10800 region from where sellers caused a strong drop to 10570 area. The question is the following; "Did market reacted how it did because of ECB today", or, "Is it because of technicals and market psychology? Make your own conclusion, but if you are looking at charts then clearly techical view should matter a lot with your trading decision.

German DAX #1


German DAX #2


German DAX #3



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