MDAX - If ballistic

98 3 2

This is just the best case (7/10% if the rally is quick, more if slow but that is not the regime right now)

Not sure it will complete: There is resistance exactly here in linear chart and the move up is 161.8 of the previous correction (an area to watch).
i bring different view, linear, mdax is back on the ascendent trajectory from 2009, can follow it for couple weeks/months but not blow above (not yet at least, after such superbullish run)
top seems to be not ew far, now looks to me as finishing w3 from final 5, w5 of 5 could be weak as 5w5 in 2011
YaKa look4edge
At this new altitude the linear view may be understating the potential.
Since everyone speaks of how overbought are things... i am looking at the outlier scenario.
My conclusion is (other than tacticals) neutral as i can bear short or bear long.
To express the potential bullishness i shorted bund which is technically capped here and would benefit from a rally.
+1 Reply
interesting log chart.
Price attempted to break back into the trend line but got rejected on weekly chart
Could still grind higher under it
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