DAX is pricing the long-term bottom for the 20k waveThis is a fractal from the past. DAX's current Bearish Megaphone pattern resembles that of June - October 2014. In fact the whole price action from the February 2020 collapse due to the COVID outbreak, is similar to the July 2011 - October 2014 sequence.
See how all major formations align almost perfectly between the two: Death and Golden Crosses on the 1D time-frame, the 1W MA50 (red trend-line) and all legs from (1) to (6) so far. Right now, DAX is at the bottom of the Bearish Megaphone on leg (6). If that holds, then we may see a continuation of the 2014 pattern to a leg (7) which should be near the All Time High (ATH) and if the fractal continues to play out, possibly a hyper rise to (8) around 20000.
*Interesting fact: 2014 was the year when Russia annexed Crimea and threatened the rest of Ukraine. Is this Déjà vu?
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