Thursday 16 July 2020

Xetra Dax: Fighting cloud chart resistance at top end of the cloud!

Xetra Dax: Fighting cloud chart resistance at top end of the cloud!

Need to see a breakout past the top end cloud chart resistance for the rally to continue. Fail that, and resistance holds, then the DAX is expected to move back down to the bottom end cloud chart support zone to test that level there! Critical week ahead!

The most recent cloud chart rebound trade is up around 22% or 2350 points!

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