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.
Comments
AntoninoRomano37
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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.
AntoninoRomano37
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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
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I am looking to go long,in my opinion we can hit 8500 first.