Dax long towards 11000

10 mag 2016

GER30 Looking at the chart, it is currently on an uptrend, moving in a channel upwards towards 10800,

R1 shows a resistance area around 10400. if it passes that resistance level then it would still continue its upward channel. When it reaches R2 10645 it would decline back down to around the R1 area of 10400 or even lower between R1 and PP That should be around 10200.

Thats my forecast on the GER30 for the coming week/1,5 week.