Participant

After he managed to break the uptrend line, the price has found support at the lower median line (LML) again. The price is closing the week below the median line (ML) and I don’t think that will be a surprise to see the price lower again next week. You can see that the German index is trading between the 23.6% and the 38.2% Fibonacci level, we’ll have a clear direction when we’ll have a breakout from this range. The fibonacci levels represent important support and resistance lines.

dax

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