The DAX formed yesterday a positive outside day after finding good support already below 5920. We have now 6150 – 5905 the levels to follow in the coming hours/ session. Only an hourly closing above 6150 will already resume the move up.
The indicators of the daily chart are still well positive and this morning those of the s/t ones are already returning above the line suggesting further strength.
The move up since the low at 5919 is confirming a positive reversal in the hourly chart suggesting a possible target at 6342. Only a move below 5919 will abort or at least postpone the move up suggesting a deeper correction with the 200 hours line at 5811 the possible attraction.
We are still waiting for a low risk buying opportunity.
Click here to read the full report:
http://www.easyforexnews.net/wp-content/uploads/2011/12/DAX-12.08.11.pdf
FUTURE TREND RESEARCH