Sokow
Short

Correction in progress after wave 5

FX:GER30   DAX index of German listed shares
You can see a wave 5 move up and a beginning correction
Wave 5 ends in between fibo 0.382 and 0.5 from the start of wave 1 and wave 3 added to the termination point of wave 4
There should come a correction or a little move upwards to 0.618 fibo.
Price target before next move up is approximately 11750.

Alternative scenario:
Wave 5 runs up to Fibonacci 0.618 and the correction begins at nearly 12000
It has reached 12189 today, RSI is 81 but there is still no top signal. What do you think?
Reply
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out