DAx: Either a correction or a reversal...

10 Haz 2014

The raising wedge pattern is very clear. As I have mentioned in my previous chart, the market will try to hit above 10000, not that it is justify but just for the fun of it. At the present time, nothing justify such a huge expansion of the index toward 10000 and even further but market is being dominated by the buyers and the sellers are waiting for the good opportunity to short in mass.
Bare in mind that upside move is always slower than the downside move.