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.
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.)
Comments