DAX

DAX - Have European indices started a new found rally. Given the breakout of the ranges it can be a conclusion but I would wait to confirm. The moves come without completing weekly cycles. Also some markets are in wave C of the counter trend move up. In case of the DAX, 11078, the upper end of a rising channel from the Nov bottom is to be watched if we are at the fag end of a topping process. Apparently that is also where we will achieve C=A