RF1508
Long

Dax recovering

FX:GER30   The DAX Index
Dax             has recovered and is trading within it's channel again after a breakout of the descending triangle yesterday.
Next to this it was able to close above the strong weekly resistance.

I expect Dax             to rise to .85% of the high of the previous triangle, it might test the resistance first once more.
I feel downside move in the nearest 2-3 days in the correction wave C. Target is about 11600-11400.
Reply
True, I saw that later. There is a gap on the hourly that currently is being filled (hope your short to) . My target is around 11850.
Thx for replying
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