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Lucas: Bullish on the Dax and here's why

Steve Lucas from 3c Analysis is plotting a bullish trade in the Dax. August's sell-off saw the index drop by around 20% but Steve believes the signals now indicate a recovery.

Expecting a bullish gap opening, Steve plans to buy at the market and a setback to 10310 but adds that the moving averages have to be broken in order to prove that the August sell-off was temporary.

Buy at the market

Buying setback to 10310

Stop: 10250

Target: 10495 10674.5

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

01:19 minutes
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