FX:GER30 DAX index of German listed shares
- DAX has been following a 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?