German DAX has gaped nearly 1000 points lower last week and hit new low of the month, but weakness was not there for long as price turned up from around 78.6 Fibonacci support. Reversal up on intraday basis is very strong so we have to be aware of more upside this week ideally back to around 10530 to fill the gap. Our invalidation level remains at 8690 low from February; as long it’s not broken we will look to the upside.
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German DAX, 4H