This is an interesting finding which distinguishes the relationship between currency and index. The EUR/USD has really fallen once the formation of Head & L/R shoulders. However, the DAX Stock Index has not gone to higher levels. Can you please share your thoughts about the short term trend of DAX Stock Index? It was quite unstable in the last few trading days. Will you also consider about the risk of the Greek debt bubble?
AleksanderThor
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Hello Jimmy. The fact that ECB's quantitative easing isn't improving the economy at the moment is a serious sign of a nearterm bubble and then we have the Grexit, which maybe can be the trigger. I have posted an analysis of my thoughts about the DAX down below.