AdrianRaymondFX
Long

The DAX might be putting in a major low

FX:GER30   DAX index of German listed shares
630 3 2
The German DAX index             seems to be giving the first indication of a bullish reversal today. A double bottom above the 10,800 handle is currently under way on FXCM's GER30             CFD             , and this corresponds with a Fibonacci confluence as shown in my chart. It's definitely too early to be sure that a base has been established, but I think the technicals suggest a bullish potential right now. If I'm right, we're probably looking at rallying back up to the 11,200 handle by next week. I'm not big on Elliott Wave theory, but the correction from April's highs seems to be a A-B-C pattern, which suggests a good timing to start forecasting renewed bullish pressures this summer. If there are any Elliott Wave fans out there that have any further input to help me out, don't hesitate to let me know in the comments section below.
hi, yes that is a probable scene, in my opinion, i will wait until check this triple-bottom in the zone 11.450 to proyect to the 12.000 zone, but all this triple bottom was without a considerable volume, so i think, the market will go down a little more 10.360-10520, for the moment that is pure volatility with this greece issue.
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So 11,200 has already been reached...that was fast. We've hit a high of 11,286 today, and a break above 11,300 to see further gains in the market. I'm hoping this happens before the weekend.

snapshot
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So far so good...
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