Scallop on DAX with new upside target to 18,792

From the previous trade analysis on DAX, it hit our target of 16,333.

This was due to a Falling Wedge along with a Reverse Cup and Handle pattern.

Since then, the price has moved into a consolidation period where the price was fighting between the bulls and bears.

And guess who is winning? The bulls again.

There has been a smaller pattern form called a Rounding Bottom or a Scallop formation.

Now that the price has broken above the neckline, means we can expect upside to come to the next target.

Other indicators confirm upside momentum including:
7>21>200
RSI>50

My next target will be up to 18,792