DAX: Getting ready for the next expansion cycle

Technical Analysis and Elliot Wave Analysis of DAX, the major german index and probably the most important one in Europe.

Weekly chart: DAX

Bullish overall

Let's zoom out and take a look at a daily chart of DAX

Still on the triangle and looking for confirmation

In the near future still has to break the massive triangle but overall the price structure is bullish.
May take some time to confirm the next leg up but looks that's getting ready for a solid bump.