DAX (DE30 - Xetra) is in C wave up (or 3rd wave up, if it turns out impulse) in 60 min time frame. It in 3rd wave of C wave up after impulse A wave up followed by zigzag B wave shallow correction. In weekly time frame, it may be in 5th wave up of C wave as analyzed in chart. Progress of C ( or 3rd wave) will show us if it’s an impulse.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.