DAX: Fall To 10880-11000, Then Higher

German DAX has been trading in a bigger corrective wave IV through 2018. We can now see price slowly turning higher from the 10282 level, which gives us first signs of a completed wave C, and that higher degree recovery is in play. But nothing moves in straight line so it appears that last week sell-off from around 17000 is a new corrective set-back before next leg higher.

Based on our 4h and intraday analysis, the support is at 11000 and then 10850.

Trade well,


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daily EURUSD March 24 2019