DAILY SEP'19 DAX - Thursday's trade idea and technicals
Sep'19 Contract – Bullish signals on the week have been confirmed, as despite 2 days of indecision, buyers returned to the market yesterday for sentiment to post a gain of almost 175 Pts. Although a daily reverse Head & Shoulders pattern formed at last month’s low has pointed signals higher, the rally may be corrective. With no sign yet that it is ending though the outlook for Thursday remains bullish and the call is to buy just modestly on the open and then at 12070.0 with a stop loss at 11993.5, yesterday’s afternoon low. Targets are to 12250.0, August’s high, 12403.0, the last 5 week open and 12598.0, the 6 week high trade.
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