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
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20:41 Hrs 17th Nov2016
17827-17830 is protected till then we will look for impulsive -wave 3 down in coming days
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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.
Comments
efazil
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For how much time 'ill take (time expected) for wave III ?
WaveTalks
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@efazil, timing component is tough to guess, but likely market may may break down post Santa season