FX:GER30   DAX Index
3
Update of DAX analysis: the index resolved its last days indecision, breaking the 11750 support level and reaching the first target of the double top formation that appeared on the graph (11600), finding some support here. I interpret the double top as a fifth wave failure. At this stage we have to wait and see whether this bears attack has sufficient strength to push the index down to the 11400 neighbourhoods or not in the next days. As for the trading plan, nothing has changed so far although this last movement may indicate the 12000 and 12400 targets need to wait a bit longer to be reached.
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