EvanJones
Short

Ready for a nice drop soon on the DAX

FX:GER30   DAX Index
146 0 5
So the Dax             has been on fire recently, but the move has been strong and no significant retracement has occurred and so I'm expecting a counter trend move in the coming days or next week.

Indications show the price to be nearing oversold territory and the wave trend showing a move is soon ready for a move south. The weekly (this week) and monthly pivot have yet to be hit and so are great potential targets for price to retrace towards. Watch out for price action to show buying weakness which if a doji or hammer type candle forms along with a bearish candle below the resistance for conformation.

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