A series of geopolitical events and higher global growth uncertainty has weighed on most stock markets recently, boosting volatility. Nonetheless, higher market volatility could mean more trading opportunities in the eyes of traders. For instance, a potential double bottom in the Germany 30 stock index could be worth putting on the watch list.
On a daily chart, a stronger support level presents itself around 11,000. A rejection candle at this level could lead to the formation of double bottom and a potential bounce towards 11,500. The next potential level to watch is at 11,860. The German GDP and PMI due on Friday could be crucial if economic expansion is confirmed.
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