German DAX

US stocks and European stocks sold-off on Friday, but German DAX index is already recovering back to a 10837 high. Notice that the price bounces exactly from around 10522-10453 support area that we highlighted as very important reversal region. A move to the upside is now very sharp so it’s probably an impulse that will spike above 10837 and maybe to 10900, before the price turns lower for a new minor three wave retracement.

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