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German DAX Could Break Above 10K

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June 20 2014

Markets are in consolidation phase after strong move on stocks and currencies on Wednesday and then also strong move up on metals yesterday. All markets are still positioned for risk-on moves, and looks like this will continue through the next few sessions as DAX and S&P are showing corrective price action.

On chart of German DAX below I see prices in fourth wave so wave v) up is expected which may reach even levels around 10060.
DAX 15min




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