Dax has been in a range since Feb this year... UPPER BOUNDARY at 6360
Could be an ascending triangle (bullish scenario) with a break above 6360 signalling new highs..OR could be part of a rising wedge (which if it breaks t the downside would be BEARISH).
Since we are near the TOP of the range got to be short here, looking for at least a test of the lower boundary, or a decisive break lower (VERY BEARISH).
The weekly chart shows possible rising wedge, and the range bound formation, in relation to the all time highs
Technical analysis of Major Markets, F/X, and anything that can be traded This is my diary for trading Views expressed in this are only for educational purposes. They ARE NOT recommendations to BUY or SELL anything!! ALL comments and criticisms welcome.
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