DAX 2009-2016

FX:GER30   DAX Index
289 3 5

The big picture shows that Dax             has broken 2 consolidation zones already this year.
10800 and 11850 been broken.The crossing of the blue lines.
Dax             has a free road to 12.550 - 13.000 now
The top could be around 12.800 - 13.300
After reaching these lvs             ,we could see a healthy retrace back to the blue lines.
First 12.000, if broken,11.200 not lower.
The rest of the year, dax             will stay inside the 2 top blue lines.

got a little skewed channels
now watching 12k7 parallel line, what happens there, little breather possible, cci brutal melt-up broke above 200, uptrend intact, another high possible

also tracking gg/dax ratio, not found bottom, now at 2000 levels, still room for exloring new teritory, cci capitulated, adx not culminated so far, dmi+ has room to 2 level in order to make cyclical low
13200 something level seems to be a target atm. Once reached the dax could make a consolidation zone with w3s & w4s, thinking final 5th wave to 14370-14400, then a huge correction once ECB qe is pulled where the euro starts its next bull market. thinking 2017-2018
elp elp
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