Plan for the medium term w/c November 13th 2017

T1 = 12950
T2 = 12390
T3 = 11890

This is based on the assumption that wave 5 has come to an end and that we've entered a correction wave. Would be happy to hear from people that know a lot more than me about EW.

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Watch out for the level 13110 and the red trend line...

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T1 reached, next stop 12390...

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Candles formed today point to a leg up before further downs. Must not breach 13200.

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Wondering whether we've just started wave 3 down... Would like to hear from Elliott Wave specialists..

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Bearish Hidden Divergence

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About standard and hidden divergence...

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Both DAX and GER30 don't show higher lows or higher highs thus continuation of the bearish trend for now.

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Mustn't break 13211 for this plan to remain valid...

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Watch out for a potential Bull flag...

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Bear flag in the making?

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If 12811 breaks we pretty well know we're on wave 3....

Trade closed: stop reached:

Exceedingly bullish DAX...

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Looking at this again, I'd say that reaching the 12950 to form the right shoulder followed by a sharp down is still possible.

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DAX continuing its path to around 12950

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If the Italian Election Results aren't too severe.... Original H&S still in play.

Comment:

DAX rejected a close below 11'930 again and is now on its way to form the right shoulder. I'll start looking out for a high in RSI around the 12'650 mark and divergence around the 12'850-12'950 mark. We'll see....
www.telegraph.co.uk/...n-great-calorie-con/