German DAX is tracing out an impulse wave

11/26/2019

German DAX is tracing out an impulse wave

When I look at the DAX the pattern is a clear impulse wave [(i),(ii),(iii),(iv),(v)]. I think the DAX will rally to 13500 from current level or lower. I say lower because I am not sure wave (iv) is over because it is a bit small. It could go lower near the 38.2% retracement but it is not required. If upward momentume continues wave (iv) is complete and the DAX will rally to complete wave (v). wave (iv) bottom is at 13044.

Posted by Better Trader on 11/26/2019 at 03:14 PM in DAX, Elliott Wave, Technical Analysis | Permalink

Comments

You can follow this conversation by subscribing to the comment feed for this post.

Verify your Comment

Previewing your Comment

Posted by: |

This is only a preview. Your comment has not yet been posted.

Your comment could not be posted. Error type:

Your comment has been saved. Comments are moderated and will not appear until approved by the author. Post another comment

The letters and numbers you entered did not match the image. Please try again.

As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.

Having trouble reading this image? View an alternate.

Post a comment

Comments are moderated, and will not appear until the author has approved them.

Your Information

(Name is required. Email address will not be displayed with the comment.)

Name is required to post a comment

Please enter a valid email address

Invalid URL

Better Trader

11/26/2019