Germany DAX Index ABC Correction In Place by Request

DAX IndexXETR

Description

⋅ Mar 2, 2019 6:20 PM

If the above wave count is correct, we can expect the DAX Index to continue falling.

The third wave of the 5 impulse is an extended wave, it can be drawn in different ways, this is just a general idea.

I believe the correction we are witnessing is a classic ABC correction.

A falling wedge can be spotted in shorter time frames which supports this same view.

Minor signals on the indicators are also revealing some potential long term bearishness.

This analysis is done by the request of one of our great followers... Thanks a lot for the continued support.

Namaste.

Comments

yique

⋅ Mar 4, 2019 9:03 AM

waves & technical complex patterns etc may seem like intelligent rocket science but the simple truth is the german stocks are strong & getting stronger so up we go !