DAX Index forecast for the week of August 28, 2017, Technical Analysis

The German index went back and forth during the week, settling on a reasonably neutral candle. It looks as if the €12,000 level underneath continues to be supported, and therefore I think that we will have buyers on dips. If we breakdown below the €11,900 level though, the market will then probably reach towards the €11,500 level. A rally from here should send this market towards the €12,500 level above. We are in an uptrend, so I think it’s only a matter of time before the buyers get involved as the DAX is the gold standard for the European Union.

DAX Video 28.8.17