Technical Analysis:
The DAX is currently trading near the 0.618 retracement area, and I am waiting for buying confirmation before taking long positions. According to wave analysis, we are still in an ongoing corrective wave. For the next leg on the upside to be confirmed, the price needs a strong impulsive break above 18,450. Until that price confirmation occurs, I will be watching for the price to dip towards crucial support levels. The last line of defense for a bullish outlook is between 18,300 and 18,270.
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