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Joe Friday Says Germany (DAX) Could Rally 30%, Happy Valentines Day For The Bulls!

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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