With Friday's bull run on the DAX, I see either a retracement to the two most obvious fib levels and then a bullish continuation. Alternatively this view this chart could look like the right shoulder of a head and shoulders pattern with a retest of the uptrend at about 23,400; but I think this is less likely, and a pullback with a bullish continuation to test...
With the DAX currently making higher lows and lower highs, I see this as a possible end to the current correction. The DAX has not seen anything like the sell-off of the US30, and with some underlying positive fundamentals, I see a retest of the descending pattern, a fake-out to re-test 22,244, and the a rally back to 23,00 and beyond. Or possibly (tomorrow) a...
