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German Dax: Temporary Correction Within UptrendTop ↑  Our Services Video Tour Subscribe to our newsletter Sep 26 2013 German DAX futures are in bullish move since start of September, showing an impulsive price action. Impulse is a five wave pattern so we expect more upside as current decline from the highs appears to be only a fourth wave, a temporary contra-trend movement. For now, we don't see a completed pull-back yet, but market could find a support around 8510-8570 region where we see an open gap. Those gaps could react as a reversal, in our case as a support in wave 4 for a bounce back up into wave 5. Targets for wave 5 would then be around 8860 where we see a 200% extension of a previous decline from 8460 to 8090 in August. .png) (1)(1)(2)(2)(1)(1).jpg) Newsletter archive
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Trading forex, futures, options, stocks, cryptocurrenices or any another trading market carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could lose some or all of your initial investment; therefore you should not invest money that you cannot afford to lose. Our website and the information that we provide should not be relied upon as a substitute for extensive independent research before making your investment decisions. In no event will we be liable for any loss or damage on your account in connection with, the use of our products. For any real cash investments you have to contact your financial advisor.
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