T1 = 12950
T2 = 12390
T3 = 11890
This is based on the assumption that wave 5 has come to an end and that we've entered a correction wave. Would be happy to hear from people that know a lot more than me about EW.
In this video we discuss the potential drop of price in the DAX index. Price has reached a long term resistance level and using median line analysis we watch for a sell opportunity to develop.
Feel free to like and comment sharing your thoughts,
DAX is expected to cross the red trendline tomorrow Tuesday, December 12th; Most probably by a gap up open above it.
This will confirm a new bullish price projection up to 13715 and an euphoric Christmas rally to a final peak!
Two possible scenario for DAX.
We closed two gap.
Retest last high and continuation bullish scenario (blue arrows).
Or we will break the minimum of the last week and continue moving down (pink arrows).
I will comment on the idea, as events unfold.
Thank you for your attention.