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- Pattern formed- Double bottom
- Major intraday resistance- 9550 (hourly Kijun-Sen)
- DAX30 made a low of 9434 at the time of writing and jumped from that level. It is currently trading at 9515.
- The index should break above 9550 for bullish confirmation. Any indicative break above 9550 will take the index to immediate resistance 9667 (yesterday High)/9750 (support turned into resistance).
- On the lower side, break below 9440 will drag the index down till 9360 (161.8% retracement of 9733 and 10374).
It is good to buy above 9550 with SL around 9440 for the TP of 9665/9750.
