DAX has reached a special middle point of its technical development. There is a macd trendline from previous breakdowns of the same magnitude that must be broken to the upside for further ATH moves. This is that time, where we either caress the falling "green line" downward, or break it to the upside! Watch the chart and you see what I mean. The "green line" is...
----- For the code, check my published script here: ---- First of all, ignore all other lines in the example chart except the two FAT lines. The two fat lines are the ones that define the Cup With handle or in the example chart: a Reversed Cup With Handle. If we break above the RCH handle defined as the fat orange ( or red in some codes ) line we might instead...