merakshi

DAX Triangle unfolding

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EUREX:FDAX1!   DAX FUTURES
hi all,

I guess DAX is currently unfolding a triangle. Triangles indicate the end of a trend. Money is being reshifted.
We might expect a last push higher and then continuation of lower prices.

The retracment of wave (i), ie . (ii) seems to unfold as an expanded flat, which would also a bearish sign.
The inner counting of a triangle consists of 5 legs. At DAX I have counted A-B-C so far. D and E are missing.

Kind Regards,
Merakshi

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update. one last leg (e) is missing.
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