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DAX 30: diagonal resistance, a break above 9862 buy

DAX 30: uptrend

Formation triangle prices diagonal resistance. Break above 9862 – possible buy.

Current bar beneath the preceding, possible correction in anticipation of data on employment in the agricultural sector of the United States. However, we have no signal to sell. It is dangerous for short positions.

Medium-term movement is long, but purchases only after break above 9862

The last two days we have a change of mood in the stock market. Bad data from the Eurozone led traders to expect action from the ECB on 01/22/2014 and possibly QE.

This means that now accumulate only positive expectations shorts is not on the table


 Varchev Traders


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