Happy Holiday’s guys! Here’s my technical analysis on the Deutscher Aktien Index (German Stock Index/^DAX/^GDAXI) which is a blue chip stock market index consisting of the 30 major German companies trading in the Frankfurt Stock Exchange. Some of the notable companies included in this index are Adidas, BWM, Deutsche Bank and Volkswagen Group. Anyway, the last time I posted on this was back in July of this year and I mentioned that there could be an ascending triangle pattern forming (kindly check this). Yes, there was one but it was still premature when I pointed it out before. It consolidated for another 3 months until it broke out from the area pattern and when it did, the 6,626.70 and the 6,855.84 resistances were breached. There is more room for ^DAX to climb as it currently moves in an uptrend. However, it could also encounter some selling pressure along the way especially at the 7,231.86 resistance. If that gets cleared out, the next resistance could be the 8,151.57 all-time high. On the downside, the former resistances at 6,626.70 and 6,855.84 could act as supports. If the index further declines and breaks below those levels, the next support could be the 21-month uptrend.