DAX 30: flag formation, break over 10315- possible rise

DAX 30: uptrend. Today it starts with gap and we may see a short-term negative movement to the lower shoulder of the flag

Indicators are in long formation, CCI above 100, which shows positive moods. At the moment we don’t have signal for position

Sentiment is positive for European shares, QE expectations leads to a increase in the demand of shares. Stock markets is now the only market which bring good returns. And it will stay so

Only if price goes below 10189 will show that correction is going to continue to 10138, but in this positive sentiment short is very risky.

 Varchev Traders

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