Germany DAX Index

[setravis]

Germany DAX Index...
The DAX continues its strong rally. The bearish ascending broadening wedge pattern favors a downward breakout and retracement to 6550, but a further strong rise, high above zero, on 13-week Twiggs Money Flow makes this unlikely.

[setravis]

Germany DAX Index...

The DAX is testing support at 7000. Failure would breach both the rising (green) trendline and the lower border of the bearish ascending broadening wedge pattern, warning of a correction. Twiggs Money Flow (13-week), however, remains positive.

[setravis]

Germany DAX Index...
The DAX is testing the rising green trendline. Penetration would warn of a correction. Failure of support at 7000 would strengthen the signal.

[setravis]

Germany...
The DAX rallied strongly off support at 6550, but 21-day Twiggs Money Flow below zero continues to warn of medium-term selling pressure.