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Germany 30

GERMANY 30 UPDATE 27-12-18

By Aurelius222
DAX has finished the descending triangle pattern! target is reached so a very nice pattern on mid/long term scale. Right now we are in a difficult situation just like nasdaq. Dax is moving around some very important support areas and it broke several important trend supports. It is very clear that DAX finished the 5 bullish Elliottwaves and that we are now in a bearish correction wave. But there is this big potential of it turning into a new Elliott wave that could push Dax, just like nasdaq, in a real bear market or a big crash. Important to monitor the heavy support areas. If these break it can easily become a third wave where we could see even more volatility and heavier drops.
Chart PatternsDAX IndexdescendingElliott WaveTrend AnalysiswaveWave Analysis

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