Update of DAX
analysis: The index has moved past the upper resistance line of the flag channel that corrected the previous long movement back to a relevant support line that had previously been a resistance (textbook behavior). From an Elliott wave
perspective we most likely experienced the end of a 4th wave and the beginning of the 5th impulse. As for trading purposes the DAX
is a buy. I have a 50% long position and I will wait and see if I can add more positions in the next days.