WEEKLY MAR'19 DAX - This week's trade idea and technicals
Last week’s signals continued to point higher and these were confirmed with sentiment posting a 2nd higher weekly low & high in a row and a gain of over 200 Pts. Futures have ended a strong sequence of lower monthly highs and have recovered above a previously broken neckline which is all positive for sentiment. Daily signals are overstretched though, so there is the potential for profit taking pullbacks. These should be temporary and the outlook for this week remains bullish and the call is to buy just modestly on the open and then at 11532.5, Friday’s low with a stop loss at 11389.0, the last 2 week Marabuzo line. Targets are to 11682.5, November’s high, 11850.0 and 12260.0, October’s opening trade
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