EXCAVO

DAX-30

Short
FX:GER30   DAX Index
The DAX (Deutscher Aktienindex (German stock index)) is a blue chip stock market index consisting of the 30 major German companies trading on the Frankfurt Stock Exchange. Germany is the strongest economy in Europe. But in Europe is not very good there are more indebted debtors Greece, Italy, Spain ..., England has already fled the sinking ship. And the situation in the European Union will deteriorate. On technical analysis , showed the wave theory of the Elliott . We paint the fifth wave and after down the ABC correction. At the top showed a yellow line of resistance that with a black support line makes an rising wedge - a reversal pattern.
Comment: Break out and tested resistance line

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remember that bridgewater hedge fund has made big bets (22 Billion ) against EU comapnies
+2 Reply
The commend about England is so ignorant.
+2 Reply
@izybit, What is ignorant about it?
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the wave A began too erly :)
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DAX:

Allow me to share.



It is running as per our plan and now it is trying hard to break the resistant of 12600 level.
Sooner or later, it shall break UP. Be Patience and do not go in with tight SL.

A small swing can take you out.



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The next global financial recession/depression will hit in by the end of 2019.
Reply
420snoop Enhancement321
@Enhancement321, wrong; panic til end of 2018 when you should buy early 2019 and sell 2022
+1 Reply
@420snoop, Fair enough.
Reply
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