alx13
Short

DAX - TL coming up fast

FX:GER30   The DAX Index
Well, the HnS pattern proved to be a fake one. Dax             never started to head lower and just ramped higher after that correction. Typical for a big wave 4, which finished right about where the 4 of an extended wave 3 finished. So that would put us in the final 5th wave.

A look at the daily shows that we are getting close to the TL I pointed toward back when DAX             was testing the lower red TL. Still 100+ points to go, but we are already within reach.

As previously stated, I'm starting to prepare for a swing short. If the TL will be broken with authority, I will reconsider.

Good luck!
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