claydoctor

GER30 A very significant moment NOW

FX:GER30   DAX Index
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Watching German markets closely. "SO WHAT WE GOT HERE". Long term support broken, both trend and at horizontal, and possible re test soon, or maybe not. Descending triangle from the third top. Could also be a bear flag , looks pretty uniform, and if we head back down here, will confirm. To say this is an important moment to establish near tear trends is an understatement. have to say, just about to believe so goes the Dax , so goes the world markets, eventually. Mr. Putin, what will you do? Winter is coming to Europe, and they need their Nat Gas. If we break back above 95635 we would confirm the triple top reversal pattern, if not then we have a bear flag , heading down the bear pole to ??? IMHO.
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