AbhishekHSinghCMT
Short

DAX- Still Looking down for impulsive (iii) wave

INDEX:DAX   DAX Stock Index
342 2 6
Likely DAX             is struggling between key levels 10730-10830 this zone can act as resistance & we shall be looking down for impulsive (( iii             )) wave down.

Key resistance- 10827 should not be taken out on top.

Bounce done
DAX- Bleak times ahead with key level@10730
Trade active: 20:41 Hrs 17th Nov2016

17827-17830 is protected till then we will look for impulsive -wave 3 down in coming days
Trade active: 20:42 Hrs 22nd Nov2016

Last Price@10746

Prices are struggling to go down. we will close this position & wait at sidelines as any move above 10830 -will indicate that it wants to head upside & buying some more time before it falls big. Going forward selling can be seen only below 10595 if sustains.

snapshot
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
http://in.tradingview.com
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India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
For how much time 'ill take (time expected) for wave III ?
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@efazil, timing component is tough to guess, but likely market may may break down post Santa season
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