Forecast for Monday 3/10/2016

FX:GER30   DAX Index
This forecast is for Monday and Tuesday since the official market isn't operating on Monday.

Essentially there are three target levels; 10686, 10742 and 10823. These won't be reached in a straight line so watch out for price action.

Deutsche Bank and Commerzbank have shown quite a bit of volatility and any announcements on DB             in particular can throw the DAX             off its path quite easily.

This is purely my idea and I urge you to follow your very own plan. Please feel free to comment.

I wish you happy and successful trading!

Trade active: This idea is still very much active and the key will be whether the upper trend line (shown in red) is going to be breached. If so, it's likely that we shall see 10820 and possibly beyond.

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