Dluginacci
Long

DAX30 Seems To Have Completed A-B-C Correction

FX:GER30   DAX Index
Wow! The DAX30             ( Ger30             ) really is in a hurry. Not only has it completed it's former 1-2-3-4-5 wave in no time but it also seems that it is under pressure to complete an a-b-c correction in just a very narrow space (see image). If that gets confirmed (no drop belwo 11.400), we are currently completing the new wave 1 of 5.

Straight talking I am waiting for the wave 2 to be completed and trade the DAX30             ( Ger30             ) long, aiming for the 5 to be completed.

In terms of Ichimoku and Alligator we are still in an outstanding, bullish setup. Nothing to fear really at this stage.

Cheers
So long at 11540? right?
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Dluginacci Luke2Wilson
I am basically looking for an entry somewhere below 11.600. The projected waves I draw on the charts are not always accurate but should give you an idea of the concept. Cheers
Reply
Luke2Wilson Dluginacci
I am thankful,sir. Cheers
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