The DAX initially fell on Thursday but found enough support at the €11,900 handle to turn around and form a hammer. A break above the top of a hammer and
The DAX initially fell on Thursday but found enough support at the €11,900 handle to turn around and form a hammer. A break above the top of a hammer and extensively the 20-day exponential moving average, should send this market much higher. The high of the market will more than likely be tested, and I believe given enough time we will probably break out to the upside as well. Ultimately, the market is bullish, and the overall trend is still looks very healthy even with the most recent pullback that we have seen.
Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.
