Elena Nikulina

DAX forms expanding triangle pattern, Peter Brandt notes

DAX forms expanding triangle pattern, Peter Brandt notes
DAX may see decline after triangle

Peter Brandt, founder and CEO of Factor LLC, observes that the German DAX index is trading within a broadly expanding pattern commonly known as a broadening or expanding triangle.

Brandt suggests that such a technical formation frequently leads to a decline in price for the DAX.

Brandt recently discussed his approach to trading copper, citing unresolved concerns stemming from comparisons with previous supply narratives in silver in a prior market commentary. He has also identified periods in which markets experience brief corrections while maintaining support at the 8-day moving average, as covered in an earlier report. These perspectives reflect Brandt's ongoing analysis of technical patterns across different asset classes.

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