DAX Forecast August 28, 2015, Technical Analysis

The DAX gapped higher at the open on Thursday, clearing the €10,200 level. Now that we have cleared the top of the shooting star from the Wednesday session, we feel that the DAX should continue to go much higher. We believe that the market should then reach towards the €11,000 level, and then eventually higher than that. The significant sell off that we’ve seen recently has offered quite a bit of value the people are interested in, and as a result the DAX should continue to go higher. We have notched in selling at the moment.