Wow! The DAX30
) 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
) long, aiming for the 5 to be completed.
In terms of Ichimoku
we are still in an outstanding, bullish
setup. Nothing to fear really at this stage.