G3r30

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?
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