DAX Forecast: Index Finds Buyers on Dips Forex Stocks Trading
That being said, the market has found enough support at the €13,871 level to turn things around and form a. Now the question is whether or not the hammer is going to show some type of continuation to the upside or if it will be a scenario where we break down below the bottom of the candlestick to form a “hanging man”, which of course is a very negative turn of events.
If we break down below the bottom of the candlestick for the trading session on Monday, then it opens up a potential selloff down to the €13,500 level. We have been in a down-trendingfor a while so it does sense that we would see a continuation of what has been going on as far as the trend is concerned. That being said it does look as if the market is trying to continue to press against the downtrend, but given enough time, I think we have got a situation where we have to make a bigger decision.
At this point, it is probably only a matter of time before we have to make a bigger decision so I am more than willing to follow a large candlestick.
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