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A closer look at the 50 Year chart of the DAX reveals potential towards 17,500

In the previous update I said it was hard to plot an upside target for the DAX. Well, following that I decided to look at a 50 Year chart of the index and has proven to be interesting. There is a kind of upside channel in place on that longer term chart and the top end of that channel is indicating a rise to around 17,500 is not out of the question. To be honest, I am reluctant to shout about that too much, and this is not advice, or a recommendation for you to act on, but just what the chart indicates is possible over time. The index is just now still close to session highs, currently around 16,630 

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