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Thursday, 18 July 2013

DAX30 Futures H1 Update

General Overview on 18/07/2013 13:00 CET :
Complex corrective pattern are present right now in this wave B to the upside.
Currently pattern is getting more and more complex and possible Double ZigZag Wave B shape could be in the making
The Key Support is the GAP. Once broken, lower prices should be expected.
Support/Resistance:
8357 - Wave B target
8274 - Wave b High
8135 - Weekly Pivot
8090 - 8126 - GAP area that has not been covered
8028 - WS1
7738 - WS2

Trading recommendation:
As long as GAP holds the target is  8274 level anf beyond
Seb

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