From the above chart of DAX we are able to see clearly that DAX is is overbought zone. Earlier the prices were moving in a Triangular Pattern and finally Broke out of the pattern. Target of the pattern is decided by High-Low of the triangular pattern. 10093-9219= 900, the breakout happened @ 9800. Target for this was 9800+900=10700. Shorts should be accumulated with targets of 9870(38.2 retracement), 9600(50%retracement), 9300(61.8% retracement). If 9300 is taken out then the target is 100% retracement which is 8300.
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