Making its way towards weekly Bat completion

The False Breakout that the DAX made few weeks ago when he declined below a daily uptrend line and immediately climbed back above signaled the bulls to come back...
Last week we saw the bulls pushing the price back up from the Fast MA line - The bullish trend is still strong.

The price is about 2% away from the completion of a weekly Bat pattern near the psychological level -12,000.

Only a close below 11,500 will violate this short term bullish scenario.

I'm waiting for the DAX near 12,000... will be interesting

Read more of my ideas in the weekly newsletter - link in signature

Comment:

Price reached target zone - The PRZ is active.
Time to look for reversal patterns on daily/weekly charts

Comment:

Perfect reversal

Comment:

Re-testing 12,000.
I guess they will take stop losses above 12,000 (too easy)... but this zone remain in focus as longer term reversal zone

Comment:

The PRZ in play, also top of a trading channel and RSI divergence.
Is it the top?
See picture below.
Read the new analysis in this week's newsletter (link in signature)

Comment:

12,000 being tested again before FOMC - Critical week for DAX and stocks.

Comment:

DAX continues to react to PRZ - Setup still in play