PA is still in channel. Break to the downside has 2 targets, 2.07665 and 2.05053, that's if PA breaks the channel. Upper range break would target 2.13550 and perhaps 2.14570.
Keep in mind the weekly chart where a pennant is forming and the bullish bat completion at 2.00 is in progress!!!https://www.tradingview.com/x/GZuHP8r5/
The 2009 - 2015 EW sequence has been completed and DAX entered correction. This could mean ABC correction for another EW up but, imo this looks more like a start of a new bearish EW sequence. This should be confirmed if DAX breaks bellow the previous EW4 in this descending channel. I can not rule out breaking 10000 mark and testing the higher channel trendline...
After "Wheeler the dealer" strangled Kiwi on RBNZ rate decision, NZD is a short against all currencies. EURNZD should reach the "Golden Cross" the 61.8-161.8 @1.56600-1.56660.
Currently fighting the median.
After reaching almost 2100 (2092.6) PA turned down, broke 2079 (previous high level) and as mentioned yesterday on Twitter came into the 2017 resistance. Currently at TL of the Wolf Wave.
The target of this bearish move is around 1960.