DAX 07.12.2016 D1 chart.
Break above the consolidation for probable new upward impulse.
Price above an exresistance and current support.
Gap in direction of the last upward movement - strong signal for probable upward movemnet.
Technical indicators:
SMA50 above SMA200 - positive signal
DeM(14) points higher - upward movement will probably continue
Fundamentals: The expectations for extending QQE by ECB will support stocks and indexes prices.
SL 10780
Alternative scenario: If price goes back in the consolidation area this will cancel the positive scenario.
Jr. Trader Nikolay Georgiev
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