My followers know i predicted the bear market would start when were still at the 13.440. I saw a big rising wedge which you can see above, predicting the and of the long bull market we have had for many years. We have bee busy with wave 2 correction wave, we have started with the final leg C, think will go towards the 12.800. Short term, i think we will make another small drop towards the 12.000/12.100 and from there we will probably only move up towards that target of 12.800. I will start to build up a big short positions when we start to get close to it. That blue line is only to give an impression, i dont think we will make a massive big crash, but wave 3 down will probably start when we complete wave C
Comment
⋅
Zoom in, we dropped out of that rising wedge, but i dont think we will look up the low at 11.800
Comment
⋅
Before i forget, you probably wonder why B there and is incorrect, it is. But all major indexes show a different picture. Most went down in 5 waves, but DAX is the only one who made a lower low during wave B.
Comment
⋅
Comment
⋅
Think we still make another wave down, towards the 12100. From there a few weeks up towards the 12.800. I just went short with a stop just above the high