German Dax.

Weekly chart and another box of tricks with Dax within a major uptrend. Box of tricks = Congestion/flat price action behaviour/trading range which is representative of it’s medium term trend. Once the box of tricks resolves itself in either direction, it would then tell us whether or not it is a continuation or a reversal pattern. For now,  we may give it the benefit of the doubt that it is likely to a continuation pattern because of it’s major trend being up unless a decisive support break takes place.

Chart is courtesy of StockCharts.com

dax28072018

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