- Descending triangle as reversal pattern of the long term bull trend - Closed week below 200MA - Forming a somewhat deformed H&S on 15M scale
If the top resistance holds after ECB QE, or it bounces down fast enough before ECB QE, we might have an acceleration below the lower support of the rising wedge with a target of 1570ish. Time frame Dec14/Jan15
Breaking the top resistance will release the downwards energy it caused the past years UPWARDS. I see 2240-2250 as a possible target for 2015 if the top resistance breaks.