Forecast for Monday 16 January 2016

DAX retraced six pips over the 61.8% of the down from 11695 to 11493 at 11622 and I expect it to go down to around the 11541 area before a sharp up.

TP 1 = 11724
TP 2 = 11778

As always, please trade your own plan! I'd say that this one has a 65% chance of becoming reality.

Whatever you do, good luck!

Handel aktiv:

Correction on the TP levels:

TP1 = 11695
TP2 = 11731

Handel aktiv:

Update:

TP1 = 11701
TP2 = 11731

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@11529