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DAX -Direction Forecast for coming weeks

TVC:DEU30   DAX Index
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dax
DAX             -Direction Forecast for coming weeks

Index should seek higher level this week, but once the Resist zone is reach, a possible retreat correction could occur during the following two weeks to Nov.

Expect fund house could closing their annual portfolio during these few weeks for a nice end of year report to their clients. so market would take a down turn. so watch out how the S/R wave levels and zones play out and move the index in the coming few weeks.
Index climbed above the resist zone
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