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CedricBenacquista
Apr 3, 2016 10:27 AM

daily's view of ht e Monthly analisys Short

DAX index of German listed sharesFXCM

Description

this is my daily analisys for DAX related to my previous post
according to my elliot count and fibonacci levels, DAX is going to end a WXY corrective wave (wave 4). price just extract of a bearish flag which was wave B of the zigzag of wave Y. So we can expect the 61.8%, the 76.40% or the 100% level of fibonacci expansion (into the subwave Y of course). according to the fibonacci extension (not expansion) of subwave X, there's a fibo cluster at 8000, witch is a rounding price as everybody know. it's also a Monthly support for DAX. SO i think that after reaching this price, numerous buyer will come into the market.


conclusion : shot till 8000 (or 8100), then LONG LONG LONG LONG LONG
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