Elliott Wave View: DAX Extends Higher in Impulsive Structure
Up from 11266.48, wave 1 ended at 11853.14 as an impulse in lesser degree and wave 2 pullback ended at 11557.42. Wave 3 is proposed complete at recent high at 12471.83. The last high at 12471.83 almost reaches 161.8 of wave 1, which supports the view that it’s a wave 3 of an impulsive structure from August 15 low. Wave 4 pullback is in progress to correct cycle from August 26 low before Index resumes higher again. Potential area for wave 4 is 23.6 – 38.2 of wave 3 at 12120.8 – 12254.7 where buyers can appear for further upside. We don’t like selling the Index and expect dips to find support in 3, 7, or 11 swing as far as at 11557.42 low stays intact.
but I didn't saw you analyzing the cryptocurrency yet, I'll love to get your attention on my short videos I explain about Elliot wave theory on the cryptocurrency sphere and to get from you some enlightenments!
Here is just one of them but I'll love to hear what you have to say about all of them!
I'de love to hear from ya some insights about mu analysis... it will be my honor!