DAx 2008 ---> 2015

FX:GER30   DAX Index
151 4 3
2008 fork. Median line starts @ 2003 low

2008 -2009 projected in 2015-2016 (on chart)

IF the 2011 trendline (grey line) holds the 1st downwave ,this could be a buy for 11k end this year Jan 2016.

2nd big wave down in 2016.
It is a possiblity. The 8500 would be between 50% and 61.8% retracement of the last impulse and it is a strong support (MAX of 2000 and 2007). I would definetely go long at 8500. The point is whether we will reach this level by the end of the year or in 2016,maybe in the third quarter.
Hi. Nice analysis. I have posted a similar analysis based on Elliott and Fibonacci. I still have some long DAX lots that I have been waiting to dump once the B-wave peaks.
Geert2000 AntoninoRomano37
I am looking to go long,in my opinion we can hit 8500 first.
Nice chart!
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