Rough sketch of Gerald Appel's T-Formations on the Dax

Gerald Appel used t-formations to determine market cycles.

I've roughly sketched some here and to the right hand side you can see some forming. I believe the price will retrace back to probably both of these levels BUT we need to see the top happen first on Dax before it retraces.

No need to comment unless you follow Geralds T-Formations and thoughts appreciated.