GBPINR SPOT Wave Analysis
Confirmation to Buy around 92.50 to 92.70 level. FX_IDC:GBPINR
The DAX is a blue chip stock market index consisting of the 30 major German companies trading on the Frankfurt Stock Exchange. Prices are taken from the Xetra trading venue.
Leading Diagonal consists of 5 waves labeled as 1-2-3-4-5
Wave 2 & wave 4 are always corrective
Wave 1, 3 & 5 can be corrective or impulse
Wave 1 is usually the longest one