Dax Update from last week post.

I refer to last update on Dax last week : « If break of 10800 is confirmed, short term targets are in the 11400-11800 range. »

Very bullish weekly chart with strong white candle crossing previous multiple points (7 points ) resistance + Weekly Macd crossing higher.

Upside is open as said before with first targets at 11400 & 11800 with maximum retracements allowed to 10800-10900.

dax-weekly-121216