A quick update on DAX. Is clear that the price after getting outside the Kaltner channel has formed a shooting star(SS) ,a reliable reversal pattern, followed thereafter by a weak daily candle which closed below the base of the shooting star.
The immediate support that has now been tested several times, stands at 12595. A break of this (base) level will target in my opinion the first support found at 12490 as shown on the chart above.This is not a massive gain (around 100 pips) but is well worth a try.
This site is devoted to share ideas and strategies/ trends on different markets. A contribution is welcome regarding main indices or commodities.I mostly cover DAX, Gold and US indices. However I will analyze any other index or share at my will as I use my own methods, my own ideas and my own money.