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madspain

DAX : on way to 10200? Head and shoulders

Short
DAX PERFORMANCE-INDEX (INDEX:DEU40)  
madspain  
INDEX:DEU40   DAX PERFORMANCE-INDEX
Chart Patterns DAX Index
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chartpattern dax
On the longer term chart the Dax shows a clear head and shoulders pattern, broke the neckline and then re-tested it. Now looks like over the medium term will head down to the measured target approximately 10200.

Move could be quick depending on global markets.

Interesting pattern.

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