pvanderv

pvanderv

If Dax remains above 10042, we get a bullish triangle breakout driven by a Hammer. 11000 would a potential target as calculated on the weekly chart.

pvanderv

Next 2 bars to confirm a continuation of the DAX to 11000.

pvanderv

Still some way up to go.

pvanderv

Since mid Jun 2011 an uptrend of the weekly DAX index is nicely enclosed within an Andrews Pitchfork. As from Jun 2014 there is some turbulence in the trend but the Pitchfork remains intact so far. The latter can be explained as the 4th leg of an EW starting in 2011. Based on a calculation length of leg 3 times 0.62, the final 5 leg indicate a top at around...