DAX: More Gains In View

 | Nov 23, 2015 05:18AM ET

German DAX is trading sideways, probably making a running triangle formation in wave (iv) so big uptrend remains in play. We expect new highs this week with wave (v) of 3 that can be targeting 11250. Around that figure you will also notice a gap from Nov 08, so seems like market wants to fill this before we may get a new correction.

German DAX, 1H