Technical Comment : DAX

Dax reaches again bottom of its 4 months trading range of 10300-10800. The 10300-10400 support range – See sept 16th post – has been tested 5 times already since early september and the DAX bounced thereafter.  As there was NO closing below 10250 since August one might consider a close below this level as the trigger for more downside. MACD daily has turned negative recently.

So we have here a mix of + ( bottom of range & bounce potential) and – (trend, US politics influence)

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