ggekkotrader

DAX30 - WAITING FOR A BREAK?

FX:GER30   DAX index of German listed shares
149 1 3
Looks like Dax30             made a substantial move up in 5 waves. I am not too proficient in Elliot Wave , but this looks like a good enough run and time for some sort of correction.

Bollinger type divergence is developing between Bollinger Bands and %B .

Also, there is a steep trendline that could be a target for bears trying to break below it.
They are testing it now.

Too early to jump to bearish side for me, as I would prefer to see more evidence, but certainly something to keep an eye out for.

Happy Trading,

GG            
sunnymudhar PRO
2 months ago
You got this bang on a month ago!! Well done!
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