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Dax Time for some correction?
GERMAN STOCK INDEX (DAX)
Short
Dax Time for some correction?
By Fx-AlphaStrats
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Jan 4, 2018
3
Cheer
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Jan 4, 2018
I know its difficult too conclude when a correction is ahead. special i a bull market...
I will take the chance :)
The chart analysis is Elliott wave.
there is; Minor and minute
I erased Minuette, because it looked messy on the chart, and difficult to read.
We also see a bearish Divergence i marked it with arrows and text, in the chart and the RSI.
The Divergence indicate an underlying weakness. bulls may be exhausted at this area. A possible trend direction change.
Bearish Patterns
Bullish Patterns
dax30
dax30short
Divergence
Trend Analysis
Wave Analysis
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