cyclewave

DAX futures (FDAX) - Bearish outlook

EUREX:FDAX1!   DAX FUTURES
DAX futures (FDAX) is ABC zigzag after 5th wave of impulse cycle finished in ending diagonal structure. A wave drop was impulse and now price is in B wave correction which seems complex choppy and may end at around 13000-13100. Stay bearish at that level with stops above 13305 for target zone of 12300 or lower. DAX futures is in aligned with S&P500 futures , which probably triggered on FED event today.

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