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claydoctor
Oct 30, 2014 10:17 AM

DAX on a descending broadneing wedge pattern Short

DAX index of German listed sharesFXCM

Description

US QE ends, Euro...version of QE begins I think not - at least yet or ever)...? Which market takes its cue from the other, or do they work together? The key here is the DAX MACD indicator (red graph) is at its high, and the actual MA lines appear to have room to go higher, but momentum will not let them, establishing an apparent premature change in direction down. Also, we are the the mid point of the Bollinger band spread which happens to coincide with the mid point of the broadening and descending wedge formation. RSI also at its midpoint trend wedge formation. So do we take path A, or path B? I think A, and then complete yet another ABCD pattern within the wedge. And those pesky moon phases, always an after thought, but come on, look at it, the highs and lows tie very well. November 6th next full moon. Which also ties into this theory. IMO.
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