German DAX has turned lower few weeks back but it can be only a temporary retracement if we consider that big trend is up after a three wave drop from April high to September low. We labeled this as big corrective wave four so trend can continue back to the highs in months ahead. At the same time we also see a bullish head and shoulder pattern that can be in late stages; currently in right shoulder so new bounce can occur soon. Rally above 11430 can open door for 13000.
On the 4h chart we can see that pullback was very…
Top trade idea for December 29th, 2015 – DAX
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