DAX Index forecast for the week of September 4, 2017, Technical Analysis

The German index fell initially during the week, breaking below the €12,000 level. However, we found more than enough support underneath to turn things around and form a massive hammer. By doing so, the market looks likely to continue to go to the upside. I think that the €12,000 level continues to be a bit of a floor, and with that being the case I think it’s only a matter of time before we go looking towards the €12,500 level. Pullbacks continue to represent buying opportunities, and is not until we break down below the bottom of the weekly range that I would consider selling.

DAX Video 04.9.17