German Dax (DEU30) Again.

A hairline crack of what may be considered an intra-week support break of an Intermediate degree corrective Wave 4 low is now on hand.  Will this lead to a decisive break of that level ? It may in time. Even if in the short term it is negated by price action closing above that level temporarily, extra caution in chart reading from here on is warranted.

In summary, should my real time markings are correct ( in time we will know), this break terminates the BULL RUN at an intermediate level which may suggest a test of the next higher degree up trend line at the bottom is likely.

RSI at the bottom window is and has been in BEAR territory  for a little while also.

Chart is courtesy of



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