DAX weekly-given low of 9484 now reversal rally tgts 9850-10200

DAX future weekly chart 9 april 2016 Dax this week closed with loss at 9622. This was third losing week for this index future.   DAX Weekly chart price trend is down but momentum is at reversing and its early signals can be seen on daily chart.   Dax achieved my given downside target of 9580 and headed for second target of 9210 but with low of 9484 given strong reversal signal which has its targets at 9850 and then 10200.   If dax gives strong breakout above 9850 then expect super bullish targets of 10800 to 11100 in this month.

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Pramod Baviskar

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