Tips for Trading DAX30 in the Last Days of 2019

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The market pressed close to the wall of the green channel, pushing off from this line several times. If in the near future we see the market break through the upper green bound and the resistance level of 13548, the growth will continue to the upper yellow wall and the resistance of 14894 in the following trading weeks.

However, there is a second option of price movement. The market may break below the red line of the moving average near 13245, in this case, the decline may continue to the 12915 area, i.e. to the support level, which is on the lower bound of the yellow channel.

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