DAX: inizio o fine del rialzo? Ore 16

the movement we are witnessing today after the first pass of the french election must be still labelled as an ending wave 5 and not a newborn bullish trend. Very likely then this is simply (the last?) leg up before a correction will materialize.

Even though strength is nowhere to be found, an alternative early indication of newborn bullish trend could be the presence of a volume explosion, but neither this is present.

Here’s the list of current situaiton:

– gap up to new all time high for DAX;

– no strength;

– no volume explosion;

The only way I read this is simply the typical conclusion of a trend (either bullish or bearish).

Target for DAX is around 12.500 future points before a meaningful correction: or it could also break the upper trendline just as fake break out before inverting (short term). So this green candles movement should last few more days.

Be careful.