Courtesy of Chris Kimble
German DAX Index “weekly” Chart
The German DAX is one of the more important global stock market indices, as it represents the largest economy / market in the Euro Zone.
So it would be a real treat for the bulls to see this stock market index breakout as we celebrate Valentine’s Day.
The facts, Ma’am. Just the facts; The German DAX looks to have formed a bullish ascending triangle over the past 3 years and it is currently attempting to breakout above the top at (1).
A measured move would add the height of the base at (A) on top of the breakout area (B) and suggest a potential price target of 18,000.
That’s a nearly 30 percent rise from current prices!
Stock market bulls in Germany and the States are wishing on this Valentine’s Day for a breakout of this pattern at (1).
This article was first written for See It Markets.com. To see the original post CLICK HERE.
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