alx13
Short

counter trend rally - chop, chop, chop

FX:GER30   DAX Index
No major movement since the last update. We seem to be still in a wave 4 correction, which dies it's best to be as choppy as can be.

Apart from the previous scenarios (either that 4 is in and we started the 5th wave of this 3rd down), dax             started building what looks like a triangle, with higher lows and lower highs. That triangle can either be wave b of the a-b-c up, which would mean it should resolve on the upside, or it could be an Y, part of a double 3 - W-X-Y             , which means it should resolve to the downside. In anycase VST             - this need another wave up to test the upper barrier of the triangle and then another wave down to test the lower one. That means get ready for some chop.
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