Long
German DAX 30
We can see a possibly completed rising megaphone with all the trappings at relevant order blocks. The index may short towards the order block but most likely rally to the Weekly trend line.An ABCDE rising megaphone pattern consistent with Elliot wave theory satisfies a rally to the weekly trend line.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.