DAX 30

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This topic contains 0 replies, has 1 voice, and was last updated by  Evgenia Gencheva 10 months, 3 weeks ago.

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    Evgenia Gencheva
    Keymaster

    Technically I see corrections, as I commented, but if the votes this year in countries in European Union are a victory for the nationalists, may see market reactions – quick corrections same as US election and Brexit corrections, but smaller. With other words, DAX and dow can’t fall now, immediately, before 1 – 2 months consolidation and inability prices continue to rise. At the moment DAX has double top for which I commented after Brexit, when the price was 9150. At this time I commented, that I expect this double top, lower second top and correction after this double top. I gave previous weekend chart with my expectation for this corrective wave. To the election in France next month 27 April, I don’t expect huge movements. I expect for DAX consolidation between the current top and lower limit 11400. Actually I hold short positions.

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