Dax XMAS Rally Probably Postponed To Next Year!

We forecast that either the black or the blue count turns out.  We'd wait until we get confirmed breakouts in 2-3 major European indices before entering long positions in Europe. We refer to establishing above the beginning November highs as a "breakout".

Comment:

Expanding triangle appears to be playing out here... expecting to see another impulse to the downside until year end.

Comment:

Our forecast here is on track:

Trade closed: target reached:

Minute wave ii° probably complete.

Trade closed: target reached