The DAX confirmed further weakness but found support already at 6440. Possible an extension toward 5345 before a firm rebound will kick in!
The indicators of the daily chart are still well negative as well as those of the 4h one where we have still well oversold conditions showing also a potential positive reversal situation. Of course bullish divergences confirm a negative tone but we should be able to see a decent rebound toward the 5600 between today and Monday!
We stay long.
Click here to read the full report:
http://www.easyforexnews.net/wp-content/uploads/2011/11/DAX-11.25.pdf
FUTURE TREND RESEARCH