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 has 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!
So, Happy Valentine’s Day to stock market bulls… if this measured move is correct! Stay tuned.
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