Making its way towards weekly Bat completion

19. Feb. 2017

The False Breakout that the DAX made few weeks ago when he declined below a daily uptrend line and immediately climbed back above signaled the bulls to come back...
Last week we saw the bulls pushing the price back up from the Fast MA line - The bullish trend is still strong.

The price is about 2% away from the completion of a weekly Bat pattern near the psychological level -12,000.

Only a close below 11,500 will violate this short term bullish scenario.

I'm waiting for the DAX near 12,000... will be interesting

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21. Feb. 2017

Anmerkung

Price reached target zone - The PRZ is active.
Time to look for reversal patterns on daily/weekly charts

24. Feb. 2017

Anmerkung

Perfect reversal

1. März 2017

Anmerkung

Re-testing 12,000.
I guess they will take stop losses above 12,000 (too easy)... but this zone remain in focus as longer term reversal zone

5. März 2017

Anmerkung

The PRZ in play, also top of a trading channel and RSI divergence.
Is it the top?
See picture below.
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14. März 2017

Anmerkung

12,000 being tested again before FOMC - Critical week for DAX and stocks.

27. März 2017

Anmerkung

DAX continues to react to PRZ - Setup still in play