FX:GER30   DAX index of German listed shares
172 1 5
Looking at the bigger picture this year, DAX             correction ( big ABC) isnt over yet.
Assuming there will be a correction in US markets.

From mid july to mid august a (bleu) Bat is forming
Retracement of the recent rally (10650-11800) almost a fact around 11230 (0.5fib)
Next leg up to 11650
Another retrace to 11k around mid august.

Final rally for this year to 12100 (1.27fib) ,should finnish around mid september.( leg B )

From mid september leg C comes in play The time when a US correction will start.
therese54
a year ago
Thank you Geert this is an excellent chart
Reply
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