DAX30 has found support at the 38.2% retracement level and now is going upward again. We have two gaps this week, the price seems impatient to go higher very fast. Probably the correction is at the end and the German index will approach the previous high level from 12398,5. The price can still find resistance at the UML (upper median line) and then to decrease again but I think that the index will break this resistance line due to the violent bullish momentum. The correction will continue only if the price will fall below the 38.2% retracement level.


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