alx13

DAX - potential Ending diagonal

Short
CURRENCYCOM:DE30   DAX 30
DAX is caught in a tight range since the "vaccine spike" back on 9th of November. It looks like the classic ED ( ending diagonal ) pattern, so ideally it should have one last push higher before rolling over.

The ED is my preferred scenario at the moment. This could also be just a complex correction with a b-wave high (in which case the lower trend line could break directly) or even a nested bull wave (series of 1-2 waves) which should start running higher in earnest. I do view the nested bull waves as the least likely scenario and will only consider it in case price breaks the upper trend line with authority and keeps running.

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