Cocotrader67

Months of consolidation/correction for the DAX

FX:GER30   DAX Index
Fondamentally : There are no signs of a coming reversal. However, the end-of-year rally seems to be done.

Technically : 6th november high happened at a end of cycle plus a major fib APP level. Since the same signs are present on the major US indices, my main scenario for EU and US indices will be neutral for the next months.

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