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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.
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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.