WaveAlchemy
Long

DAX MONTHLY BULL (CYCLE DEGREE ALTERNATE 1)

FX:GER30   DAX index of German listed shares
75 0 1
Hi all,

To begin with a very long term elliot wave perspective, cycle wave 2 unfolded as a regular flat.
Its subdivision was slightly out of character exhibiting the appearance of a motive structure which is unlike a wave b of a flat.
However waves A and B fit the wave count of a regular flat. Otherwise, despite lack of wave B, the correction demonstrates the ideal look.
Cycle wave 2 purple retraced almost 61.8% the length of wave 1, further validating the count so far.
Cycle wave 4 purple by alternation, will be expected to be sharp (quick) and short. A 50% retracement of cycle wave 3 coincides with ex-resistance, an appealing final target.

Cycle wave 3 purple subdivides perfectly;
Wave 3 extends nicely within which exists another wave 3 extension.
Wave 1 equals wave 5 in length.

If this count is invalidated, I will publish counts for either the idea that wave 3 is still unfolding or that wave 4 has already completed.

_______________

Invalidation = 12440
Confirmation = 8697
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