New Update DAX

GER30 DAX bounced a bit during the day on Monday, as we have seen quite a bit of support in this region. This is an area that was previously resistive, so it makes sense that it is now supportive. A break above the top of the candle, and perhaps even the €10,400 level should have buyers back into this market. I believe eventually we bounced to the €10,800 level as that seems to be where the market is attracted to time and time again. A break above there of course is extraordinarily bullish.

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Chart 1hr View:

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