Germany is Unstoppable

• Posted by Greg Harmon
• on May 21st, 2015

Anyone who knows history knows that the Germans have always been on a path towards world domination. And it is no different in their stock market today. Chancellor Merkel is outraged that the US market remains the leader in attracting capital as you can see, and if doing all she can to push the German market higher. Take a look.

The chart above shows the German DAX on a monthly basis since 1995. It had the same consolidating pattern from 2000 to 2013 that the US markets had. In an ascending triangle. But since then it has kept going higher despite reaching targets for patterns, pausing and then moving up again. No reversal what so ever.

First it was the break of resistance of that ascending triangle. Then the completion of the blue Deep Crab harmonic around 9000. Then the Measured Move to 11000 and the red Deep Crab harmonic at 11100. This latest round of consolidation and no pullback leaves but one target area: 13500 to 13700 and world domination.

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