justatrader
Long

DAX - Looks like an up day today

FX:GER30   DAX index of German listed shares
125 2 2
Price action on daily charts shows a bullish engulfing . On the h4 time frame, price just spiked out of the falling price channel . Buying on the dips near 11518 - 11500 targeting 11954 - 12000 on an inverted head and shoulders pattern with stops just below 11416.
optimistic view
snapshot
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We could see 12000... being very optimistic!! ;)
+2 Reply
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