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DAX W Pattern Bullish Break

By:
Nenad Kerkez
Published: Sep 14, 2020, 07:50 UTC

DAX is bullish. The price made the break above W bullish point 2 and it is hanging above W H3.

DAX

In this article:

DAX is bullish. The price made the break above W bullish point 2 and it is hanging above W H3.

If the market retraces back to D L3 POC zone 13098-13110 we could see another bullish bounce. However, the market could be pushing up around 13200 again due to strong bullish momentum. Targets are 13418, 13515 and 13637. Only below 12730 bears could take the lead.

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The Analysis has been done with the CAMMACD.Core

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About the Author

Nenad Kerkezcontributor

M.Ec. Nenad Kerkez aka Tarantula is Elite CurrenSeas Head trader and a valued contributor to many premium Forex and trading websites.

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