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GERMAN STOCK INDEX (DAX)
Long

DAX full picture

By wolfah
Updated
DAX's last leg 4c as a clear "Extension3"! Tomorrow, the bulls will be back again!
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Nice opp. to go long today...
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New count on 15min.
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On a 1min scale. Oversold. Both waves are a def. impuls-waves. Waves 2 retracements: 0,500 each!
#1: Red dotted support needs to be broken.
#2: Blue resistance-line dito.

Timing: Coming week!
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#1: I mean red dotted resistance line! SORRY!
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New counts on a 1min chart! ABC -pattern (Failed Flat). Green a is on 0,618 and green c at 0,236 as Diagonal 1. Not very convincing...
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1min scale again. Last leg c as Diagonal 1 -pattern with ABC counts in each wave. Tomorrow, market can go in either direction. Depends on US market.
Chart PatternsTrend AnalysisWave Analysis
wolfah

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