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Wednesday, May 19, 2021

Dax 30 : Likely to continue inside the monthly range 15130-15330

Dax 30 : Likely to continue inside the monthly range 15130-15330

DAX 30 CURRENCYCOM:DE30

Dax managed to stay inside the monthly range, unlike Us indices , Dax avoided any heavy loss regardless of the situation in middle east as well as the higher inflation numbers from US. Price is likely to continue inside 15130-15330 rectangle with few more Higher highs and Higher Lows ,Speculative Sentiment Index is around 40% and fluctuating rapidly after every spike . Better is to scalp inside the range until we see a major real break out either side.


Trend : Rangebound
Signal : Long Scalp 15130 -14950
Target : 15300-15530
Stop Loss/Sell Stop : Below 14800



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