Long DaxGerman 40 IndexPEPPERSTONE:GER40ElGore18Possible level for long entry on the Dax: Price has retraced back into the week opening gap aligning with the fib and trendlines of the 30min trend. Price has created a falling wedge pattern into the area indicating a weak counter trend, confirmed by OBV divergence, and providing possible entry point. US markets have rallied today on positive US and Iran headlines as Trump says "the Iran deal has been signed". However, we have seen positive comments previously that have quickly unwind so will be looking out for further developments.