Dax at resistance

Interesting price action on the Dax on Friday. Could not help but notice the swings in commentary from negative to positive across my reading list, as price came up to the resistance line from 2014 and the 50% line in this Schiff Pitchfork study from the high.There has been so much energy around this resistance line, with price gaps since May aligned with emotional responses in the press.

I tweaked the StochRSI study to chime with the turns in price trend and noticed the similarity in patterns highlighted in yellow. Of course, they are somewhat distant cousins in size, but that was the interesting bit for me, when looking at the price action above.....it is more volatile and taking in greater distances. I like that Pitchfork study and the placement around the price action, but it will be somewhat easier with hindsight to determine direction from here; Friday's close seems to be another rest stop break!