I wasn’t trading on 15th Feb but the move up was over 300pts and the low of the day (ignore pivots as they are for 14th Feb) was the unfilled gap from earlier in the weeks at 11014. This was within easy reach of the open and was supported by some confluence in the area with Pivot and S1.
This is a fantastic example of how fast things can change on the Dax. Everything looked negative until it hit that gap and then it just off. Yes, it was most likely news related but the news just hurries up what was going to happen anyway. Without the new, the market might hace trade between 11,000 and 11117 and then made this up move on Monday 18th.
