DAX Forecast August 10, 2015, Technical Analysis
The DAX as you can see fell during the course of the session on Friday, but should find support below. With that being the case, the market should have plenty of buying opportunities sooner or later, and as a result the market is one that we are not interested in selling. We have several hammers below, and as a result we think it’s only a matter time before the same buyers come back into this market and push it much higher. Ultimately, we believe that this market should head to the €12,000 level over the next several weeks.