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PRO_Indicators
Aug 10, 2017 3:15 PM

DAX / H3 : Ending diagonal to terminate corrective C ? 

DAX index of German listed sharesFXCM

Description

Reagarding the current counts, I think the most probable scenario would be an ending diagonal to terminate the corrective wave C. I suggested before this was too early to buy eurozone with a very bearish potential on US equities.
US now tends to validate the bear scenario, and of course EU struggles to hold its supports. Plus Sinewave never showed any bull signals and on the opposite showed sell continuation cycles. All tends to confirm this bearish continuation on DAX. We need further price development to confirm the ending diagonal but that's the early scenario I'm no waiting for.

Hope this idea will inspire some of you ! I'ld appreciate any like/follow if you feel like it deserve it ;)
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