Monday, 22 June 2015

Dax - 2 hour candles -now has a HL (above the double bottom at Gann's 10800 level),we have bust the declining wedge and are above the 50,100,200 MAs
for Europe 2 very important levels I have if we continue rallying are 12500 Dax and 12000 Ibex


The sharply rising 200 dma was a warning not to get too bearish yet (contrast with flat 200 ma on the Ftse on previous post) At the weekend I was looking at this chart,thinking we might have a false break down below 10800 but this mornings action likely takes that off the table


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