Having a close look on the monthly chart, one can see, that it is about decision time for the DAX … Copyright by Tradestation It moved since 2003 in an uptrend which it even broke to the upside in April, this year all the way back to the former All-Time-High, but was not able to [...]
The bigger view shows that we are chartwise clinging to the “last” uptrend … the shortest one … starting in July 2007 … Copyright by Tradestation After already breaking the more important uptrends (2003 and 2006) … we are at the moment creating a “M-Formation” reversal pattern within a still possible flag formation … BUT [...]
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