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Hello Traders
I am publishing German Dax futures technical update
Dax futures found short term resistance at 16370 after breaking out from wave iv triangle. A break above 16370 should target 16450 / 16600+/- where we should have completed major 5 waves red and (v) waves minor of 5
After that, I expect a major correction ABC pointed out in green that should target 16130, 15800 at least. A break below 15730 confirms deeper correction that should extend to 15300 14500 levels.
Regards
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