Luettis
Long

DAX Performance Index

XETR:DAX   DAX Index
Elliot Wave Theory and Fib Retracement leads us to the result, that the course of the index is in its fifth (motive) wave.
As the fifth wave can have 138% of the first wave this leads us to approximate 16.450 points.
At 16.540 points we find the fib retracement 138.2% - so this is probably the end of the fifth impulsive wave before we get an ABC correction.
The very long trend (green channel) coming from 1982! - is still intact, even when we get the correction.


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