Still in downtrend and correction.
But, when approaching the top, can shoot up very strong, just check Mar 2007, Nov 1999 is not very likely this time.
Now stuck below 78.6 parallel line in AP channel, but if could break above 3250, then there is roam up to 3400 level or 3550 at longterm trendline what would be nice repeat of 650 pts from support as in 2007.
Relevant for dax outlook as well.
But, when approaching the top, can shoot up very strong, just check Mar 2007, Nov 1999 is not very likely this time.
Now stuck below 78.6 parallel line in AP channel, but if could break above 3250, then there is roam up to 3400 level or 3550 at longterm trendline what would be nice repeat of 650 pts from support as in 2007.
Relevant for dax outlook as well.
