The January ECB stimulus pre-empted a 2,100 point run. The setup candles were almost identical to the the latest candles - see the circles in the DAX Weekly chart below. So is the DAX poised for another big run?
Since the FA situation isn't identical to January, we might not get the same kind of run. But say a third of that run might be a reasonable target, i.e. around 700 points from here. I've been waiting for a similar macro set-up to January because the run was so strong and steady. I'll be picking safe entry points with tight stops, starting small and averaging up. The only TA trouble I see is that we have already reached the middle MA of the bollies.
