2-4 hour charts look countertrend ready ImO, outcome unknown but considering we went up and have not yet retraced properly it is not unreasonable to assume that it ought to take place any time now.
yes, that was a nice Hammer in 5m and also 2 little Hammers in 1m which shows that they only took stops below the LOD. Good long sign. However I believe its only short term and good for few points
Fast fall to 8034.00 might suggest a little bit more pressure on FDAX today... Did you realize yesterday commodities took a hit ? Some miners may be under pressure... Ahhahahahahaah =>...British goverment guarantees new deposits with Northern Rock ! Just went over the news ticker ...