I had my eyes on the DAX
for a while now. So it all started with basic EW trend down, to create significant lower lows(12747.4). Prices came back in their normal range I put on a position and made a bit of money on the uptrend. The German Stock Index then broke through my first prior resistance level
with great confidence which was 13336.0. The index is currently rushing down to 13130.6 Prior Resistance Level
a clear break of this will simply indicate to me that prices approaching the 13000.0 level is probable. With the break of the ascending wedge
I knew shorting opportunity was in the near future, however I try not to be too optimistic and employ a degree of realism.