czarly

Wave 4 Target 9200 Points

Short
TVC:DEU40   GERMAN STOCK INDEX (DAX)
Reading the waves patterns, for the current uptrend starting in march 2003 with wave 3 starting in march 2009, wave 3 could have ended with the current ATH @13526 points. Correction wave 4 tends to correct wave 3 at least 38%, while the low of minor wave IV of 3 serves as resistance. Connecting the lows of wave 1 and 2 using the thin red line indicates a low of around the same area marked by the orange box. this leads to a target of 9200 points around march or april 2019.

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