The DAX fell initially during the week but found enough support under the €12,000 level to turn things around and form a hammer. A break above the top of
The DAX fell initially during the week but found enough support under the €12,000 level to turn things around and form a hammer. A break above the top of the hammer should send this market looking towards the €12,300 level, and then eventually the €12,500 level. The pullback was well within the range of tolerance for the uptrend, so therefore it’s only a matter of time before you go much higher. I think that this is going to continue to be a grind to the upside, and therefore I have no interest in selling.
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.
