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daxtrader54
Dec 22, 2016 12:13 PM

Where is a good pullback area (Dax)? 

DAX index of German listed sharesFXCM

Description

We've had a 1000 point rally on the Dax, but haven't really seen much of a pullback or correction. Looking at this volume profile, I am wondering whether a break below 10400 opens up a move back to the higher volume area of 11275. Perhaps this is a spot for bulls to add to their position. I think we are bullish above 10222. But if 10400 holds, we could continue to build higher from here.
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