DAX possible capitulation and mid-term bottom next week

FX:GER30   DAX index of German listed shares
71 0 3
  • DAX has been following a downward channel since Apr this year. From this chart, one can see that the speed of movement (i.e. the slope of the arrows) between channel top and bottom touches is increasing with time. The last leg up from 10652 to 11401 took only 2 days. Is it possible that there will be a final swift downward move next week before a genuine mid-term trend change next week?
  • Market bottoms, especially in the longer-term, usually are formed after capitulation. Will we see panic selling this time before trend actually changes?
  • Note how the theoretical channel bottom on Wednesday (July 8) is below 10600, but the actual low is only 10652. Is it possible that the price has not reached the wholesale demand area and thus a genuine bottom has not been formed yet?
Ideas Scripts Chart
United States
United Kingdom
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out