SDAX (SDAX - Xetra) is in internal 3rd of 3rd wave up in 60 min time frame. In weekly time, it is in 5th wave up move after 4th wave flat correction. In 60 min time frame now it’s going up for 3rd wave as the part of 5th wave weekly up. SDAX is also out-performing the DAX in last up move in 60 min time frame.
Since the beginning of 2018 I am accompanying the SDAX in these correction phase. Now it is time for a new post and currently we are very likely already in the-iii-the c of the IV. The starting point of these waves are the 11,200 points and then even 10,500 in the v can not be ruled out.
Make or Break line are 12,641 points.
Greeting
Stefan Bode
After a first downward wave and its correction, a second downward movement usually follows. This should ideally bring to 10,401 points. But we should not rise above the drawn red line from the last intermediate high at 12.234.
