Chop for Germany but imminent breakout luring

Ok we are not supposed to make predictions but only reactions to trading right?

Well this time I am making a prediction.

Since the chop sideways box has been forming, a breakout is imminent.

Either it will break up and head to the initial target of 25,113.

Or it will breakdown and the market will have a correction.

Either way, the breakout will occur because Germany can't just stay in this range forever right?

So why the chop?

🌍 DAX strong abroad, weak at home
🐌 Earnings lag behind U.S. peers
🏛️ Bureaucracy & labor shortages drag

Let's hope for some optimistic news with DAX and that we do get a breakout and up to 25,113.

Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.