DAX - long term view

So the markets have had some wild gyrations in recent weeks - seems to be a TWEET based market

so sometimes it is beneficial to take a step back to a LONGER time frame - in this case, the weekly DAX chart, shown below

 Can't See the Forest for the Trees!

This is  a LONG term chart

Head and shoulders formations don't always complete

However, today's move looks like the start of the right shoulder shaded blue area

MACD crossover imminent 

The target, if it breaks the neckline,  COINCIDES with te LONG term uptrend

Remember markets have been pumped by easy money, investors looking for return when rates are at all-time lows in most developed economies.  Central bankers and governments trying to keep the illusion of growth going.  The emperor's new clothes  - 21st Century style!