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wolfah

DAX Index "Extension 1"-wave and then

Short
GERMAN STOCK INDEX (DAX) (TVC:DEU40)  
wolfah  
TVC:DEU40   GERMAN STOCK INDEX (DAX)
Trend Analysis Chart Patterns Wave Analysis
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trendanalysis chartpattern waveanalysis
For the final wave of this ZigZag, I expext a terminating wave 5 of this "Extended 1"- wave (black). In an "Extended 1", the final wave is always shorter than the preceeding waves 1 and 3! This is, why I favor tp1=0,618 (12079) as a terminating pivot!
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