• German Stocks Creating Potential Topping Pattern

    7 monthes ago - By ETF Daily News

    From Chris Kimble : The chart below looks at the DAX index from Germany over the past 20 years. Even though this important index has traded sideways for the past 18-months, its long-term trend remains up.
    While the DAX has been trading sideways for the past year and a half, it could be creating a head & shoulders topping pattern at (2).
    The softness in the index has it currently testing the bottom of its trading range and 9-year rising support line (1) at (3).
    Bottom line-One of the most important support tests in nearly a decade is in play at (3) for the DAX. If this support breaks it...
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