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Author: truman52000

DAX update (and is not pretty)

Just a quick update for a meaningful Dax movement I was expecting for. The head and shoulder pattern unfolded breaking the neckline at 11700 and at the same time a medium term upward channel (1).

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A few levels to keep in mind (DAX-DOW-GOLD)

One of the most important lines to keep well in mind when trading are undoubtebly historical levels of support and resistance that proved to be key signals for a long or short position. A broken resistance or support or a rejection would give a major hint on the direction of a trade. Trading the smaller timeframes having in mind a broader perspective doesn’t hurt at all.

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DAX possibly regaining some ground next week

Really a bad week for the DAX, that broke the 12K mark and has been hovering below, and regained the level just on the futures market helped by Wall Street recupering ground in the final hours. Technically the DAX has broken the bearish flag on the daily chart.

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DAX in a uncertain range

The index is still in a short term downtrend started since last month top and ranging in a quite wide channel. The 50 days Moving Average has been tested already three times, with lot of bearish action during last Friday

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Free resource (PDF)

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This site is devoted to share ideas and strategies/ trends on different markets. A contribution is welcome regarding main indices or commodities.I mostly cover DAX, Gold and US indices. However I will analyze any other index or share at my will as I use my own methods, my own ideas and my own money.

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