Dax CTL broken looking for pullback to buy at 618 level

٢٠ يوليو ٢٠١٥

We can clearly see that the current trend has been broken therefore we are now considering this to be a significant move. We are looking at the daily close candle which is a bearish Harami this indicates that the trend is over while keeping this candle formation in mind we have confluence with Fibonacci therefore looking at pullbacks to 618 level (115.37) for a buying opportunity. In conclusion I have my first TP and we looking at a potential 381 pips and if this is met we will target for TP2 (543pips).