I still think that these small moves are not creating good atmosphere for Dax in this higher levels, as past instances were not good. In spite of that Dax may test higher levels and technically I am saying this because of the higher lows it made in past weeks. If Dax is able to cross 7400 in coming week then 7500 will be its initial target in the upside and the better one is at 7600 for any bigger move.
In later days of this week it dropped and that will be a matter of concern if Dax drops below 7000 range. 7200 is its initial support. Like many other leading stock indexes, Dax has a chance of making very short-term bearish pattern if it does not able to cross 7400 in coming days and if that pattern fully reacts then Dax may test around 7000 levels. On the other hand if we go with recent reversals then it can drop up to around 6600 level (around 61.8% reversal) though this may not be necessary a prediction for coming week.
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