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AndyCuckoo
Mar 2, 2024 2:30 PM

DAX Elliott Wave Analysis for Monday 04/03/2024 (+ HTF) 

Germany 30OANDA

Description

In the higher time frame, it looks like we started a new upward cycle from the October low. This means the wave ((2)) low is in after an expanded flat. The alternative scenario assumes a wave (2) low of a lower degree. This results in two possibilities: we are now working on a wave ((3)) or we are close to finishing a wave ((1)).
Comments
georgsjanis
what about the monthly channel? it's at the top right now. also, there is absolutely no reason for this super bullish scenario continuation because the economy in Europe is garbage.
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