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.
Beyond Technical AnalysisChart PatternselliottwaveprojectionTechnical AnalysisTrend Analysis

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