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Lucas: Two ways to trade the DAX

The DAX is at interesting levels technically, says Steve Lucas from 3CAnalysis. A weekly hammer at last week's low has come from a 50-62% pullback target to the 2015 gains, he explains. He says he's been bullish on the DAX all week.

But while there is no sell signal, Steve points out that the rally has stalled at a weekly bear trend. He notes that this is also about a 62% recovery to the losses posted since April's high.

This Wednesday, Steve will do one of two things. He will either:

Buy: 11643.0

Stop: 11573.0

Or he will:

Sell: 11451.5

Stop: 11521.5

He will update his trade on Trading Floor later.

https://www.tradingfloor.com/about/niird

01:26 minutes
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