Dax 30-minute Chart

Dax Technical Analysis 28/05/2015

Overall we are bullish above the 11150 that we have discussed for a while, the trend is still bullish and we had a decent day yesterday. Now we have slowed down and the market is deciding the next move. I went long from 11638 yesterday thinking this was the low and we would continue to move much higher from here. I think the fundamentals support a move higher but I would be surprised to see this swing back down to 11600 or 11500 and being trapped in a range even down as low as 11400.