FX:GER30 DAX index of German listed shares
Wave 5 is near completion at around 11450 in the coming next weeks. A Major correction might be on way till 8380 following a ABC wave correction !! Go short At the upper resistance around 1 st week of march with a clear stop loss would be weekly close above the .
No change in view, Since trading on weekly charts i would wait for next week closing 13 March to see how DAX goes from this point !! A 38.2 % extension level is around at 11900 another resistance but this 8 weeks rally will show profit booking and the trendline is a very strong resistance and with no positive surprises left, so lets wait & watch and for me its time to short it !! But yes you can wait for a weekly red candle to take a short on DAX !!