DAX Forecast February 16, 2017, Technical Analysis
The German index fell initially on Wednesday but found enough buying pressure underneath to turn around and form a very supportive looking candle. It looks as if the market could bounce and continue to reach towards new highs again, which has me looking for the €1200 level eventually. I believe
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The German index fell initially on Wednesday but found enough buying pressure underneath to turn around and form a very supportive looking candle. It looks as if the market could bounce and continue to reach towards new highs again, which has me looking for the €1200 level eventually. I believe that the longer-term uptrend is obvious, and because of this buyers will be interested in buying the DAX every time it dips as it offered value. I believe that the absolute floor in the market is at the €11,500 level currently. Ultimately, I believe that we go much higher.
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