Stock markets in a corrective wave?

03/20/2017

Stock markets in a corrective wave?

So far today we have a weak FTSE 100 confirmed by the firmer GBP/USD and the weaker S&P 500. If I look at the Dax 30 it looks like the Dax will decline too in three waves similar to the previous decline. This pattern could be an expanding triangle. However the pattern is not very clear, it can be interpreted differently.

Posted by Better Trader on 03/20/2017 at 09:31 AM in DAX, Elliott Wave, FTSE 100, GBP/USD, Technical Analysis | Permalink

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Better Trader

03/20/2017