DAX to see a powerful correction to the upside?

7 ago

GER40 - 24h expiry

Bullish divergence is expected to support prices.
The bullish engulfing candle on the 4 hour chart the positive for sentiment.
We are trading at oversold extremes. A higher correction is expected.
The bias is to break to the upside.
A break of the recent high at 17565 should result in a further move higher.

We look to Buy a break of 17585 (stop at 17425)
Our profit targets will be 17985 and 18185

Resistance: 17565 / 17700 / 17900
Support: 17400 / 17250 / 17021

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