Germax DAX - "Perfect Set-up!?"
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Nov 19 2014
Three-Steps Trading Approach (Example on DAX):
#1 Identify a corrective move
#2 Wait on Impulsive reaction out of the trading channel
#3 Keep an eye on daily close price and daily candlestick reversal pattern.
If you will find all three points on market that you are tracking, then it may be good to be aware of a continuation in the direction of a larger trend. Like on German DAX as shown below.
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