Slight retracement and Symmetrical triangle formation

FX:GER30   DAX Index
Strong support, with the 200 EMA and interior trend lines . Coincidental, "Euro zone finance ministers have agreed to lend Greece up to 86 billion euros" which traders will play with this week
Longer term, there is a Symmetrical triangle formation, which signifies building pressure (opportunities)
I am currently in a long trade to hit the resistance at 11255, because of the stated support and also the candle sticks for the past two days.
thx for sharing...my view is similar ISN`T IT A NICE SHORTTERM BUYING-CANDLE? Today we have seen a long wick till 10.800 - the market closed 175 points higher but below the ema&sma 200! It´s a very dangerous situation! A close under these moving averages is able to initiate a sellout, because many market participants put their stopps near that level. !!!
The today`s candle has a bullish character. I think the rebound can reach till its 61,8 fibo retracement @ 11.300. Moreover that is the actual maximum range of the Bollinger upper band. On its way up 11130 is a strong resistance.
Have we seen the LOW?
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out