## We have an active short pattern in the DAX, which is why we are not seeing big moves right now, but this pattern will be invalid above 12700. I don't think it will be triggered by a decisive break out to the downside.
## Bulls and bears are fighting hard right now. The reason why I think it will NOT be triggered is the DAX big pic. It hints at a new alltime-high in the coming months.
![chart-30042018-1245-DAX.png](https://steemitimages.com/DQmSVmZ4UJWpqxzb8c3FPRZh6o2raNPz3dRqws2ArDqvmu9/chart-30042018-1245-DAX.png)
## I added the two major support levels (green and red) which are very important. They are trigger zones. In between those two, there is no mans land where a decisive move is not very probable...
## Here is the bearish 5-0 pattern again, which will only be relevant again, if we see a big drop within a short period of time. (invalid above 12700)
![.DE30CashDailys.png](https://steemitimages.com/DQmf6jFPiRAH5fm6q3b15XMPuBmuL6a4ShaTz3eoj9SsntR/.DE30CashDailys.png)
![image (5).png](https://steemitimages.com/DQmSJFCmiPGGtTrvw93vM77RZsA56t47xh9DbFpbqJxfgoA/image%20(5).png)
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![DQmRhDtjokAZnGKi4QwheqksKTFo6m4fsjMYsNNrsitC1xk.gif](https://steemitimages.com/DQmRhDtjokAZnGKi4QwheqksKTFo6m4fsjMYsNNrsitC1xk/DQmRhDtjokAZnGKi4QwheqksKTFo6m4fsjMYsNNrsitC1xk.gif)
![image (5).png](https://steemitimages.com/DQmSJFCmiPGGtTrvw93vM77RZsA56t47xh9DbFpbqJxfgoA/image%20(5).png)
Feel free to use and share my charts, but please mention me, @ew-and-patterns as the author. Otherwise it is considered plagiarism and I will flag you and advise my friends to do the same.
![image (5).png](https://steemitimages.com/DQmSJFCmiPGGtTrvw93vM77RZsA56t47xh9DbFpbqJxfgoA/image%20(5).png)
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DISCLAIMER: This post / analysis serves general information purposes only. I am not, and never will be a financial adviser. The material in this post does not constitute any trading advice whatsoever. This is just the way I see the charts and what my trading ideas (from my personal experiences) are. I use chart pattern and Elliott Wave analysis for my trading ideas.
For full disclosure: The author of this post is holding positions in this market at the time of this post. Please conduct your own due diligence, if you plan to copy anyones investment decisions!
If you make any trades or investments after reading this post, it is completely in your own responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept to never hold me accountable for any of your losses.
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