Potential pattern on the DAX

05/28/2020

Potential pattern on the DAX

I thought yesterday’s high was the top, this is no longer the case, today the rally extended. This wave is wave (v), it is long and it is nearing an end. But I am not sure how to label the third wave inside wave (v). May be it was yesterday’s high in which case the DAX will move higher near 11900 in line with the S&P before turning down.

Posted by Better Trader on 05/28/2020 at 03:02 PM in DAX | Permalink

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Better Trader

05/28/2020