FX:GER30 DAX index of German listed shares
The German DAX index seems to be giving the first indication of a 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 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 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 pressures this summer. If there are any 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.