Wednesday, March 3, 2010

DAX - Daily Market Report 03032010

Close tuesday above 5740 first target around 5850 today made 5825.
This area is very important next session close above 5880 can expect 6050
coming session.
Two possible scenarios here traders.
First this is false breakout 5740.
According to the rules a false breakout can extend up to 150% fibo (5856)
Today dax negociate and test 138.2 fibo. If this is true this market have to reversal here below 5856
Second scenario last two weeks market made formation bullish >> reversal head shoulders...
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